UNCTAD adviser, Alibaba’s Jack Ma, launches African Young Entrepreneurs Fund

In addition, Mr. Ma said that he planned to roll out a partnership with African universities to teach internet technology, artificial intelligence and e-commerce. Mr. Ma, who is on his first visit to Africa, also visited Kenya on Thursday. He has been sharing his experience of having built his company, founded in 1999, into a global e-commerce giant valued at more than US$231 billion, and how he met the string of challenges that he faced along the way. The Youth Connekt Africa Summit, held in Kigali, brought together more than 1,500 participants from government, entrepreneurial and investor communities, multinationals, and startups shaping the African technological ecosystem. Unlocking Africa’s e-commerce is a key priority for UNCTAD, given the potential of online trade to power development. “African entrepreneurs should not be asking successful businesses, ‘How can I distribute your products?’ Africans should be saying, ‘I have an idea I want to grow – how can you help me to grow it? How can you help me market it?’,” said UNCTAD Secretary-General Mukhisa Kituyi. UNCTAD is working with Mr. Ma to explore opportunities with African businesses to participate in global trade, as well as to raise awareness of the 2030 Agenda for Sustainable…


Link to Full Article: UNCTAD adviser, Alibaba’s Jack Ma, launches African Young Entrepreneurs Fund

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