The United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School have jointly launched the eFounders Initiative. This program sought to identify the best 24 e-commerce startups from Africa and take them through a two-week long acceleration and mentorship program that will empower them to become the Jack Mas of Africa.
The program is said to have received over 700 applications from various e-commerce startups spread out the continent of Africa. Only the top 24 have been enrolled, and are now set to travel to Hangzhou, China where they will get hands-on training and mentorships from China’s most prominent e-commerce personality, Jack Ma, founder and CEO of Alibaba.
During his trip to Kenya and public lecture at the University of Nairobi, Jack Ma made a promise to empower 1,000 entrepreneurs from the developing countries over the course of next five years. Ma said he would ensure that no one is left behind in this digital economy transformation.
Alibaba Group and UNCTAD Launch eFounders Initiative (PRNewsfoto/Alibaba Group)
After the training and graduation in Hangzhou, the 24 startups are then expected to return to their home countries where …read more