Alibaba Launches $1.5m Grant for African Entrepreneurs

Alibaba Philanthropy and the Jack Ma Foundation have unveiled a $1.5 million grant initiative aimed at supporting African entrepreneurs tackling critical challenges across the continent.The funding comes under the 8th edition of Africa’s Business Heroes (ABH), themed “Defining Africa’s Future Today.”The programme targets innovators in sectors such as climate-smart agriculture, digital finance, healthcare, logistics, manufacturing, and emerging technologies.

Managing Director for Africa, Zahra Boateng-Baitie, said the initiative goes beyond financial support by offering mentorship, strategic guidance, and global exposure to help founders scale sustainable businesses and drive inclusive growth

This year’s edition expands recognition to the top 100 finalists and increases on-ground engagement in 10 African countries, with special focus on underrepresented nations including Namibia, Tunisia, and Zambia. Top finalists will also attend a sponsored learning programme at Alibaba’s headquarters in Hangzhou, China.

Since inception, ABH has attracted more than 30,000 applications annually, cementing its reputation as a leading entrepreneurship platform in Africa.

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