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Alibaba Co-founder Jack Ma Reveals Africa’s Big Business Opportunity

Co-founder of Alibaba Group Holding, Jack Ma has revealed to African entrepreneurs countless business opportunities for this age.

According to him, there are countless opportunities in e-commerce, logistics and e-payments as the continent prepares for the start of a free-trade deal.

Ma, 55, made this known in an interview with Bloomberg Television.

He was speaking after visiting Togolese President Faure Gnassingbe in the West African nation’s capital of Lome as part of a tour of the region.

“People like e-commerce, today people trust e-commerce,” said Ma.

“It’s just like virgin land. People need it”, he noted.

The former English teacher stepped down from his role at China’s largest company on his birthday in September after amassing a $41.8 billion fortune. Ma wants African entrepreneurs to be celebrated as “heroes” and supported by their governments on a continent which combined market size similar to China’s.

“Sometimes, it’s easy to reach an agreement, but it is difficult to implement,” said Ma.

“There are too many countries, there are different rules, and languages and systems. But one thing is sure, entrepreneurs can connect Africa”, he added.

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