Business

Business tycoon and Alibaba Founder Jack Ma lands in Africa for a three-day entrepreneurial visit

Jack Ma, the founder and executive chairman of Chinese e-commerce behemoth Alibaba, jetted into Nairobi Wednesday evening, starting a packed two-day visit that peaks with a public appearance at the University of Nairobi this afternoon to offer Kenyan youth tips on how to build successful business empires.

The two-day visit to Kenya is in a capacity as the United Nations Conference on Trade and Development (UNCTAD) special adviser on youth entrepreneurship.

Together with UNCTAD Secretary General Dr. Mukhisa Kituyi, Jack Ma will meet with young entrepreneurs to find ways in which they can be included in the global trade.

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Alibaba Founder Jack Ma as he jets into Nairobi

UNCTAD will work with Ma to explore opportunities with local businesses to participate in global trade, raise awareness about the 2030 Agenda for Sustainable Development.

“He brings to the continent a visionary approach to entrepreneurship, a thirst for learning, and a belief in a better world for young people,” UNCTAD Secretary-General Mukhisa Kituyi said in a statement.

Last year, Ma was named special advisor for youth entrepreneurship by UNCTAD for Youth Entrepreneurship and Small Business.

The public lecture will be on today, July 20th at the Chandaria Centre for Performing Arts at the University of Nairobi towers, Main Campus at 2.00pm.

Jack Ma has been an inspiration to a lot of people across the globe with his success story that is so incredible.

According to Forbes, Jack is worth an estimated $29 billion and this includes his 7.8 percent stake in the Alibaba Group, China’s answer to Amazon, and close to 50 percent stake in the payment-processing service, Alipay.

The Business man will be in Africa for three days, from July 19 to 21, where he is also expected to grace the Youth Connekt Africa Summit in Rwanda.

The summit will bring together over 1,500 participants including government officials, entrepreneurs, investors, multinationals, and startups shaping the African technological ecosystem to discuss methods of using technology to drive Africa’s economic growth.

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