Alibaba Founder Jack Ma Launches $10 Million Program For African Start-ups


Chinese Billionaire and Alibaba Group’s executive chairman Jack Ma has launched a new initiative called the Jack Ma Foundation Netpreneur Prize in South Africa –a $10 million program that aims to promote and accelerate the work of African entrepreneurs developing tech-driven solutions.

The program, which will be rolled out over the next 10 years to 100 entrepreneurs, is focused on grassroots innovation, economic empowerment of women and small business.

Resource -rich Africa is also emerging to be a hub for entrepreneurship, especially in the digital sector. E-commerce platforms such as South Africa’s Takealot, Nigeria’s Jumia and Kenya’s Kilimall are springing up in the continent as the enterprising Africans tap into the region’s consumer power. Africa’s potential to build a…

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