Mexican telecoms billionaire Carlos Slim Helu has announced plans to spend 7.9 billion pesos ($512 million) through his charities to improve health and education in Mexico this year. The contributions of the Carlos Slim Foundation and the Telmex Foundation will fund neonatal care, scholarships and sports programmes, among other projects, according to a statement from Slim’s Grupo Carso SAB in March. The programmes will benefit almost 400,000 families, the company said.