Alibaba gives Sh1bn to support 200 African online businesses

Alibaba founder Jack Ma. FILE PHOTO | NMG

Alibaba founder and executive chairman Jack Ma has announced a $10 million (Sh1 billion) support to about 200 African online businesses.

Promising entrepreneurs will be picked by the United Nations Conference on Trade and Development (UNCTAD) to participate in the programme dubbed African Young Entrepreneurs Fund. It will be operational later this year.

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