Jack Ma who recently visited Africa came with a plan. The Alibaba founder was in Johannesburg South Africa earlier this week, where he a launched Netpreneur prize, a $10 million competition prize for African tech innovators. This price was administered through Ma’s foundation, the $10million Netpreneur prize is meant to “further [Africa’s] digital economy through local entrepreneurship.”


Jack Ma regrets that it took him this long to visit Africa(he visited Africa for the first time in 2017), but choose to make it up by supporting young African entrepreneurs.

“This is where I see Africa, full of problems, but full of opportunities,” Ma said in an auditorium at the University of the Witwatersran.



China’s investment in Africa has long invited debate on the motivations of either side’s embrace of the other. Books, documentaries and thousands of think-pieces have been produced, scrutinizing the factors in this relationship , from raw materials to few regulations, and just who gets to benefit. There are no easy answers, but Ma’s speech captured what is perhaps the simplest factor encouraging this relationship: that Africa could be what China is today.

Alibaba's ascent implies China's, and the capability of African business visionaries. As an educator, Ma established Alibaba in a confined apartment in Hangzhou. They couldn't discover builders and they could barely raise a capital, Ma told the group. Researchers composing the Alibaba contextual analysis rejected the organi
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