China's richest man Jack Ma arrives in Kenya with 38 billionaires

FILE Alibaba Group Founder and Executive Chairman Jack Ma speaks during a panel session on the second day of the World Economic Forum on 18 January 2017 in Davos

FILE Alibaba Group Founder and Executive Chairman Jack Ma speaks during a panel session on the second day of the World Economic Forum on 18 January 2017 in Davos

A new group chaired by Jack Ma, of Alibaba, and Stephen Schwarzman, co-founder of Blackstone Group, called at its inaugural meeting for greater transparency and dialogue between the U.S. and China, seeking to smooth and even boost trade ties between the world's two largest economies.

Ma said he would make an official announcement regarding Kenyan investment possibilities at a later stage, while he also admitted that numerous Chinese businessmen who joined him on the trip had been equally impressed by local entrepreneurship.

Ma, who is the special advisor for youth entrepreneurship and small business at UNCTAD was accompanied by its secretary-general, Mukhisa Kituyi, and 38 Chinese billionaires.

The founder and executive chairman of e-commerce platform Alibaba is in Kenya on a two-day visit.

He said they are yet to come up with estimates of the costs of their investments.

President Uhuru Kenyatta Thursday held a meeting with Chinese billionaire entrepreneur Jack Ma to discuss ways of empowering the youth through entrepreneurship.

Addressing a news conference later, Ma - who is valued at over $35 billion - said his commitment to develop Africa's e-Commerce sector will include taking about 200 young African investors to Alibaba headquarters to learn the latest skills in the industry.

Together with partners in philanthropy, he committed to annually award 50 outstanding park rangers for the next 10 years in support of wildlife conservation efforts on the continent. "We should not punish our tomorrow because of yesterday's problems", he said, adding the Chinese and United States business leaders should not "let problems of the past limit our future potential".

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.