The United Nations Conference of Trade and Development (UNCTAD) in collaboration with Chinese leading e-commerce platform Alibaba began an eFounders Fellowship program, with Jack Ma (founder of Alibaba) as the executive chairman and special adviser.
The eFounder Fellowship program is designed to empower entrepreneurs from developing who are pursuing business ventures in the e-commerce space. The program targets at least 1,000 of such entrepreneurs, whom it will empower to scale up their small businesses over the course of the next five years.
So far, three cohorts of entrepreneurs have passed through the eFounder Fellowship program. The last one had 29 entrepreneurs from Africa from various e-commerce businesses ranging from fintech, logistics, big data, and tourism.
The third cohort like the previous groups traveled to Hangzhou, China to take part in a two-week intensive program that provided them with business training and offered them a chance to network with top executives from Alibaba alongside local business persons from China. The 29 African entrepreneurs came from South Africa, Nigeria, Kenya, Egypt, Zambia, Uganda, Cameroon, Tunisia, Algeria, and Chad.
“Together with UNCTAD, we want to empower Africa’s young entrepreneurs to not only …read more