Michael Elliot News

Caterpillar Invests $11m for Africa’s Prosperity

The Caterpillar Foundation, supported by Caterpillar Inc. , continues working to alleviate poverty worldwide, including on the African continent, through a series of investments. Since 2010 alone, corporate social innovation has driven the Caterpillar Foundation to invest $30 million in African programs that address access to clean water, energy, empowering girls and women and microfinance, as well as food and shelter. The Foundation targets investments to organizations working in areas of policy that will enable sustainable growth and development across the continent. “The Caterpillar Foundation is committed to finding ways to spur vibrant growth in Africa,” said Doug Oberhelman, Caterpillar Chairman & CEO.