‘African entrepreneurs should learn from failure not success’, Jack Ma

Jack Ma in Nairobi

Earlier this year, Jack Ma, Asia’s richest man and founder of Alibaba Group was on a two-day trip to East Africa, visiting Kenya and Rwanda with 38 fellow Chinese billionaires.

The purpose of the trip was to explore investment opportunities in East Africa.

According to Ernst & Young’s 2016 Africa attractiveness program, East African countries recorded the highest share of Foreign Direct Investment in Africa, achieving 26.3 percent of total projects. [CNN]

Ma, who also serves as the special adviser for youth entrepreneurship and small businesses to the United Nations Conference on Trade and Development (UNCTAD), took the opportunity to share insights with African entrepreneurs.

Also: Checkout the African Budgetary Series reviewing the economies of Kenya and Rwanda.


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