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Rwanda in Talks With Alibaba Group Founder

5:44 pm

Jack Ma, Chinese business magnate founder and executive chairman of Alibaba Group, a family of successful Internet-based businesses

He tried many things in life but failed many times, for example he applied for many jobs and was rejected but didn’t give up. He also started an online commerce project and it nearly failed but later succeeded to become China’s richest man.

Jack Ma, a Chinese billionaire and founder of Alibaba is scheduled to fly to Rwanda and share entrepreneurial skills with Rwandan youth.

“Legendary Chinese business magnate Jack Ma will visit Rwanda soon to share entrepreneurial tips with youths,” Rwanda’s Minister of Youth and ICT Jean Philbert Nsengimana announced at #RwandaDay in Belgium on Saturday.

Minister Nsengimana revealed that government was already in contact with the billionaire with a net worth above $8.5 billion this year to $41.8 billion.

According to the Bloomberg Billionaires Index Ma 52, is now the richest person in Asia and 14th wealthiest in the world.

Alibaba Group Holding Limited is a Chinese e-commerce company provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.

Rwanda is dealing with growing rates of unemployment, especially among the youths. The country has set a strategy to create 200,000 jobs every year as part of dealing with the issue.

According to the latest survey by National Institute of Statistics of Rwanda (NISR), unemployment among Rwandans who completed upper secondary is the highest at 23%, followed by the unemployment among graduates of tertiary education with 18%.

On another side, the rate of unemployment among uneducated is 10% – the lowest. Moreover, in Rwanda 16% of people that depend on agriculture are unemployed.

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