Chinese Business Magnate Jack Ma Visits Kenya

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Chinese billionaire entrepreneur Jack Ma is in Kenya, in his very first trip to Africa.

The Founder and Executive Chairman of online retail giant Ali Baba Group China met with President Uhuru Kenyatta and held talks on ways to empower youth through entrepreneurship and innovation; and to cooperate in supporting small business and with the youth to play a bigger role in the country’s economy.

Kenyatta termed Ma an inspiration for millions of African youth, particularly in Kenya where the young generation is setting global trends in innovation and technology.

Ma said the country can create more opportunities for trade through the use of e-commerce and has the capacity to reach this goal.

The businessman worth $41.8 billion is accompanied by 38 other billionaires from the Chinese Chamber of Commerce who are in Kenya in search of multi-billion-dollar business opportunities with the Government and local business people.

His meeting with Kenyatta was also attended by the Secretary General of the United Nations Conference on Trade and Development (UNCTAD) Mukhisa Kituyi.

Ma later gave a public lecture titled: Empowered African Young Entrepreneurs and Small Businesses, A Game Changer at the University of Nairobi.

Earlier, the businessman who is also UNCTAD’s Special Adviser for Young Entrepreneurs and Small Businesses and a United Nations Sustainable Development Goals Advocate witnessed the launch of the Empretec Centre in Kenya.

The Centre will implement UNCTAD’s Empretec Programme that promotes entrepreneurship by building capacity for small businesses around the world.

“When you invest in young people, you invest in the future,” Ma said in a statement. “I am excited by the work we are doing at UNCTAD to unleash the entrepreneurial potential of Africa’s youth.”

Ma heads on to Rwanda’s capital Kigali next in his ongoing mission to empower African entrepreneurs.

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