Jack Ma is in Kenya for a two-day visit accompanied by 38 millionaires at the invitation of the United Nations Conference on Trade and Development (UNctad). Ma, named youth entrepreneurship and small business special advisor by Unctad, is in the country to inspire youths on entrepreneurship.
The online guru, who is the founder and executive chairman of the Chinese e-commerce Alibaba Group – a family of internet-based businesses and is worth $35 billion (Sh3.6 trillion), is philanthropic and has great business acumen.
He was ranked second on the Fortune 50 Greatest World Leaders of 2017. College rejection His success spawns from a difficult past, where he struggled to gain entry to college, being rejected four times as well as overcoming at least 30 job rejection letters.
Speaking yesterday during a regional African Workshop on Financial Inclusion, Unctad Secretary general Dr Mukhisa Kituyi, said he personally invited Ma. “I asked Ma to visit Africa and encourage the youth involved in business enterprises that there is hope for them as long as they endure,” he said.
Kituyi also urged China to ensure they put a ‘special market waiver’ for goods provided by youth micro and medium enterprises, to boost trade between Africa and China. Ma is expected to inspire audiences – especially the youth, to make a change in society.
Kituyi said African youth have the energy but lack drive. Ma is scheduled to give a public lecture at Chandaria Centre for Performing Arts, the University of Nairobi, Main Campus, at 2.00 pm today and thereafter attend a regional Africa workshop on financial inclusion at Sankara Hotel – where he will also give a speech in the evening.