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Pop icon Madonna is apparently planning a huge Live Aid-style charity concert in Malawi which will be shown on TV around the world.

A source at the Raising Malawi charity said that plans are in place to make this the biggest fundraiser in the world, and that Madonna has called in favors from all sorts of showbiz friends including Bono.

The gig is planned for September and more than 60,000 fans will get free tickets for the concert. The plan is that TV rights and merchandising will bring in boocoo bucks.

“Madonna is throwing everything into it. She knows the bigger the event the more money will be raised,” the source added.

Remember that she’s adopted two Malawian children, Mercy, five, and David Banda, four. She has a daughter, Lourdes, 13, and son Rocco, nine, of her own.

While I applaud Madonna for being a philanthropist and raising money for causes like AIDS and poverty in Malawi, how does a poverty-stricken country accommodate all the people who will come for this concert? And while Live Aid was to stop hunger and poverty in Africa, how can this be bigger when it’s focusing on one African nation?

Check out Madonna on the set directing her new film W.E.!