Alibaba Founder Considering Investment In Kenya After Impressive Visit

Written by Peter Pedroncelli

Chinese e-commerce tycoon Jack Ma has been impressed with his two-day visit to Kenya, and the Alibaba founder admits that he will be considering making investments in the country.

Asia’s richest man traveled to the country on his first visit to Africa, along with a delegation of China’s richest billionaires including internet tycoon Bob Xu, founder and chairman of Mengniu Dairy, Niu Gensheng, real estate tycoon Huang Youlong, and Alibaba founding partner Lucy Peng, according to ITNewsAfrica.

Ma made numerous appearances during the two days, speaking with young entrepreneurs on a few occasions while also addressing hundreds of senior executives from the East African nation in a large ballroom at a five-star hotel.

He was thoroughly impressed by the calibre of entrepreneur that he came across in Kenya, while the broadband infrastructure and speeds also surprised the e-commerce tycoon, so much so, that he is considering investing in the country.

“I was surprised by the speed of the Internet,” he told executives at the hotel, explaining to students and delegates at the University of Nairobi that the speeds he encountered were faster than in some developed countries, according to ITWeb.

That impressive discovery alone was enough to interest the founder and executive chairman of Chinese e-commerce giant Alibaba, while meeting with Kenya entrepreneurs had further solidified his ambitions in the East African country.

“They say it is very difficult to find another Jack Ma in China, but today we found a lot of Jack Mas in Africa,” he revealed to great applause.

The Alibaba founder, whose wealth is valued at $28.3 billion, brought with him 38 billionaires from the Chinese Chamber of Commerce and Industry, according to DailyNation.

Ma said he would make an official announcement regarding Kenyan investment possibilities at a later stage, while he also admitted that many of the Chinese businessmen who joined him on the trip had been equally impressed by local entrepreneurship.

Kenyans were excited at the Chinese business mogul’s short visit to the country, which saw the hashtag #JackMainKenya trending on Twitter throughout the week.