Billions of dollars pledged at star studded global citizen celebration

Billions of dollars pledged at star studded global citizen celebration

- The Global Citizen Festival celebrated Nelson Mandela's centenary on December 2, 2018

- Billions of dollars were raised towards poverty alleviation

- A-list celebrities and dignitaries shared the stage at the music festival, headlined by Beyonce and Jay-Z.

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On Sunday, as the concert got underway, a spate of international business figures and world leaders pledged huge sums of money towards fighting the inequality that blights Africa. Global Citizen surpassed its goal for USD $1 billion in pledges seven times over, with commitments from the World Bank, Vodacom, PEPFAR, Cisco, the SA government and the co-hosts of Mandela 100- the Motsepe Foundation. 57 commitments totalling more than $7-billion (R100-billion), were produced in support of the cause.

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Big Givers

The Motsepe Foundation pledged over R4-billion, predominantly targeting land reform.

The Global Fund pledged over R5-billion for poverty alleviation efforts in South Africa over the next 30 years.

Canadian PM, Justin Trudeau – was the first major leader to commit- he pledged $50 million

Vodacom – R50.5 billion / $3.5 billion over three investments

World Bank – $1 billion

In totality the funds will be used to alleviate extreme poverty, ensure better education and strengthen the fight against HIV/Aids.

The music festival featured a mind blowing roster of A-list icons including Beyonce, Jay-Z, Pharrell Williams, Naomi Campbell, Oprah Winfrey, Chris Martin, Trevor Noah, and Ed Sheeran.

Yet despite this glittering array of talent, it’s important to remember why the Global Citizen Festival came to South Africa. South African president Cyril Ramaphosa, a former anti-apartheid leader alongside Nelson Mandela, addressed FNB Stadium and viewers around the world with a message of Global Citizenship;

“Nelson Mandela has taught us that it is not the influential, the rich or the powerful who make history, but those citizens who are determined to make a difference… Here, in southernmost tip of Africa, we too have heeded the call of the Global Citizen.”

READ ALSO: Mzansi asks Eskom not to embarrass the nation in front of Queen Bey

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Source: Briefly.co.za

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