The billionaire co-founder of e-Commerce company eBay, Pierre Omidyar, is donating Sh52 million to give 6,000 poor Kenyans a guaranteed income for 12 years. No strings attached.
Last week, Mr Omidyar’s charity, the Omidyar Network, said it would be making the $500,000 donation to GiveDirectly, an organisation that hands out free cash to the poorest people it can find in Kenya and Uganda.
GiveDirectly, which is planning to run the largest cash transfer programme in the world, was founded in 2009. It settled on its model of offering the poor a universal basic income after its four founders “found that […]
Full Post at www.standardmedia.co.ke