Malaria is the leading cause of death in children under five and the disease has far-reaching effects. Bill and Melinda Gates Foundation gives more to battle malaria. Donors hope the money will be enough to eradicate malaria by that time.
The money includes £598m from the World Bank and £870m from the Global Fund to Fight Aids, Tuberculosis and Malaria.
Malaria still kills more than a million people each year, according to the World Health Organization. Alongside the offers of money came reassurance from African leaders that efforts are working.
The president of Rwanda, said malaria deaths have fallen by more than 60% in his country. However a vaccine is still to be found and they hope this will be developed soon with the help of this money. Read the rest of this BBC article here and watch the short video.