Alibaba to launch Netpreneur Prize of $10 Million for African Entrepreneurs


Jack Ma, the founder of multi-billion dollar company, Alibaba plans to launch a new project for African entrepreneurs.

The renown entrepreneur is in South Africa to execute his initiative called ‘Netpreneur Prize.’ The goal of NP is to build a “community of 100 young African entrepreneurs by 2030”, and he will award the collective prize of $10 million to the chosen entrepreneurs.

Well, this is not his first rodeo in Africa. Last year, Ma launched four projects in Rwanda empowering young African entrepreneurs.


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