Browsing: Jack Ma

I ended my May 2021 essay with the hypothesis “…leading fintechs might turn around and start acquiring the banks” and, sure enough, on the 12th of May 2021, the Competition Authority of Kenya in a gazette notice approved the acquisition of 84.89% stake in Century Microfinance Bank by Branch International Limited – a leading global fintech with operations in Kenya[1]. One of the signs of a maturing ecosystem is home grown ventures mature into unicorns[2], gazelles and zebras[3], increased mergers and acquisitions[4] and the entry of global tech giants hungry for a piece of the action – the subject of this essay. So, whilst the Branch acquisition was unexpected, it was unsurprising when Twitter announced on 14th April 2021 that they are setting up their Africa HQ in Ghana[5]. On the very same day Amazon announced an investment of …

The President of Tanzania, H.E. John Pombe Magufuli has raised a storm on the social media after questioning some of the tests conducted on Tanzanian patients, which he attributes to either poor workmanship in the National Referral Laboratory or faulty kits.

In a televised speech, the Tanzanian leader narrated how his security agents submitted different samples from domestic and wild animals as well as fruits and even natural oil, all disguised as human samples with queer results of goat, pawpaw and quail all returning positive for Covid-19.

Though this has become an online buzz, this has also raised critical questions on the validity of tests currently being used in Africa, mainly from China. There have been fears of the tests returning an invalid result painting a wrong picture of the pandemic.

African countries have been heavily relying on donated kits with Chinese billionaire Jack Ma sending in over one million …

Chinese billionaires are head over heels with Africa and with donations that keep streaming in, it is just a tip of the iceberg in making China look good.

With the advent of the covid-19 coronavirus, the Chinese have been sending aid to the continent and also to countries like the US and some in Europe. Well, China has a global reputation and the pandemic has become its platform to show its kind side.

The donations started with Jack Ma, China’s richest who interestingly also opened his own Twitter account last month at the height of the covid-19 pandemic.

Ma is using his Twitter account to give prominence to his medical supplies campaign which is delivering much-needed equipment and testing kits to almost every country in the world.

Coronavirus: African leaders stuck with neglected, outdated healthcare systems

The billionaire is sending ventilators and face masks to many countries globally in the …

At least 27 African states have so far been affected by the Covid-19 coronavirus with nearly 350 people diagnosed with the virus across the continent.

As the virus continues on its upward trajectory in Africa, concerted efforts are seeking to arrest its spread with support coming from different entities. The latest announcement of support is by Alibaba Founder Jack Ma who has pledged to donate medical supplies including masks, testing kits and medical use protective suits and face shields to all the 54 African countries.

In the statement posted on his Twitter account, Ma said that Africa can be one step ahead of the coronavirus which has already been classified a pandemic by the WHO.

Read: Coronavirus shakes economies, world forced to change perspective on Africa

Through his Jack Ma Foundation and Alibaba Foundation, Ma has already donated medical supplies to other countries hardest hit by the virus, including Japan, …

The Ethiopian Prime Minister Abiy Ahmed and Alibaba Group founder Jack Ma witnessed the signing of three Memoranda of Understanding (MoU) between the Ethiopian Government and Alibaba establishing an eWTP Hub in Ethiopia.

The eWTP (electronic world trade platform) Hub is intended to enable cross-border trade, provide smart logistics and fulfillment services, assist Ethiopian small and medium-sized enterprises (SMEs) to reach China and other markets, and provide talent training.

The event was also witnessed by Alibaba Group Director and Ant Financial Services Group Chairman and CEO Eric Jing. Ethiopia aims to build a dynamic and growing digital economy that contributes significantly to overall economic growth in the country.

eWTP is an Alibaba-led multi-stakeholder global initiative promoting public-private dialogue in order to support more inclusive global trade which uses technology and policy innovation to provide greater opportunities for SMEs, women and youth.

Ethiopia is the second country in Africa to establish …