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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Nuclear Energy

South Korea and Kenya Make a Deal to Partner on Nuclear Energy

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Reuters
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Michelle Toh
Michelle Toh
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Michelle Toh
Michelle Toh
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September 2, 2016, 5:11 AM ET
Views Of Korea Hydro & Nuclear Power Co. Kori and Shin Kori Nuclear Power Plant
The No. 1, right, and No. 2 reactor buildings stand at Korea Hydro & Nuclear Power Co.'s Shin-Kori nuclear power plant while the No. 3 reactor building, background left, stands under construction in Ulsan, South Korea, on Tuesday, Feb. 5, 2013. Korea Hydro, a unit of Korea Electric Power Corp. (Kepco), operates 23 reactors in the country. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesSeongJoon Cho/Bloomberg via Getty Images
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State-run utility Korea Electric Power Corp (KEPCO) on Friday agreed a deal on developing nuclear energy in Kenya, as the African nation looks to broaden its sources of electricity.

The company and the Kenya Nuclear Electricity Board (KNEB) signed a memorandum of understanding to cooperate on the construction of nuclear projects and sharing expertise, South Korea’s energy ministry said in a statement.

East Africa’s largest economy aims to add nuclear power with a total capacity of 4,000 megawatts by 2033, the ministry said.

See also: Here’s Why Japan’s Military Is Seeking Another Record Hike in Spending

Blackouts are common in Kenya, partly because of an aging energy network and insufficient generation capacity. Many businesses in Nairobi and other big towns operate back-up generators.

South Korea, the world’s fifth-biggest user of nuclear power, has developed its own nuclear industry, constructing and operating its reactors through KEPCO.

A KEPCO-led consortium in 2009 won a contract to build four nuclear reactors in the United Arab Emirates, which are under construction.

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