The Problem With Capitalist Philanthropy
Philanthropists like Howard Buffett are the darlings of journalists and the NGO world — but are they really helping Africa?

Hillary Clinton presents the World Food Program’s 2011 George McGovern Leadership Award to Howard Buffett and Bill Gates at the Department of State, October 24, 2011.US Department of State / Wikimedia
In 2015, while on a reporting trip with the International Women’s Media Foundation (IWMF) in the Democratic Republic of Congo (DRC), a local journalist told me, “It is difficult to go anywhere in the east of the country without touching one of Howard Buffett’s projects.”
Indeed, having invested in a range of initiatives including hydroelectric power plants, road development, and eco-tourism, Howard Buffett is considerably involved in the east of the country. The photographer, farmer, sheriff, former director of the Coca-Cola Company, and son of the third richest man in the world, has poured millions into the region.
The hydroelectric project was the first stage in an investment program the Congolese national parks authority (ICCN) and the Virunga Foundation, a British charity, drew up together. In 2015, Buffett reportedly pledged an additional $39 million toward two more power generation facilities, and the Virunga Foundation plans to fund more plants, hotels, and infrastructure projects around the park over the next years. In an interview with Reuters, the park’s director, Emmanuel de Merode, said that these initiatives, especially the power plants, will create employment opportunities for communities surrounding the park.