Asia’s richest person and Alibaba founder set to visit Kenya on Monday

Asia’s richest person is set to visit Kenya starting Monday next week.

Chinese tycoon Jack Ma, founder and executive chairman of Chinese e-commerce behemoth Alibaba will be on a two-day tour in the country.

He will be meeting youths and sharing with them on entrepreneurship.

Ma is currently United Nations Conference on Trade and Development (UNCTAD) special advisor on youth entrepreneurship and small businesses.

The Chinese tycoon’s wealth is estimated to be at $30 billion (sh3 trillion), Business Daily reports.

His wealth is nearly half of Kenya’s economic output.

Together with UNCTAD Secretary- General Mukhisa Kituyi, Ma will meet about 500 youth entrepreneurs from Kenya at the University of Nairobi.

“UNCTAD will work with Mr. Ma to explore opportunities with local businesses to participate in global trade,” a brief from UNCTAD reads.

The tycoon has been advocating for e-commerce in developing countries stating that it is the missing link in unlocking their economic potential.

He has urged such countries, Kenya included, to support the growth as well as strengthening e-commerce sector other than oppressing it by enacting laws and regulations that suppress its growth.