• The richest man in China, Jack Ma is scheduled to attend a Digital Economy Summit in Abuja.
  • This is Ma's first visit to Nigeria, the largest economy in Africa. 
  • Before the event, he met with Nigeria’s vice president, Prof. Yemi Osinbajo.

Jack Ma, the co-founder and former chairman of Alibaba Group (the renowned e-commerce and tech firm)), has arrived in Nigeria for the first Digital Economy Summit in Abuja.

Ma is a Special Guest Speaker at the event theme, “Leveraging Digital Economy for Trade & Investment." The two-day summit is organised by the Ministry of Industry, Trade, and Investment and it will end on Friday, November 15th, 2019.

Jack Ma and VP Yemi Osinbajo urge in Nigeria (Twitter/@Gunplay173)
Jack Ma and VP Yemi Osinbajo urge in Nigeria (Twitter/@Gunplay173)
Twitter/@Gunplay173

Live streaming of event here:

The summit will feature discussion around the digital economy, innovation, creativity, and entrepreneurial spirit of a youthful populace.

Niyi Adebayo, Nigeria's minister of industry, trade, and investment, in a pre-event release, said, “Technology, trade, and investment are inextricably linked in a digital economy.”

Jack Ma grows wealth to $38 billion

In a recent Forbes China Rich List, Jack Ma emerged as the richest entrepreneur in China for the second time in 2019.

Between 2018 and 2019, he has grown his wealth from $34.6 billion to $38.2, despite stepping down as the Chairman of the renowned Alibaba Group.

Jack Ma's activities in Nigeria

According to Alibaba Group, Jack Ma will be speaking at the digital economy summit in Abuja and hold a panel discussion with other guests.

Jack Ma at a panel discussion in Abuja (Twitter/ndesummit)
Jack Ma at a panel discussion in Abuja (Twitter/ndesummit)
Twitter/@ndesummit

Earlier before the event, he met with Nigeria's Vice President, Prof. Yemi Osinbajo, in Abuja. According to a report by Channels Television, Jack Ma said he is ready to invest in Nigeria through his "Four Es” programme - E-infrastructure, Entrepreneurship, E-government, and Education.

VP Osinbajo and Jack Ma in Abuja
VP Osinbajo and Jack Ma in Abuja
@Gunplay173

Ma's Netpreneur Prize for Africans

It is not yet clear if Ma will visit tech entrepreneurs or tour tech hubs while in the country, like the Twitter CEO, Jack Dorsey, who left Nigeria a few days ago.

Jack Ma netpreneurs initiative
Jack Ma netpreneurs initiative

In 2017, Ma visited Kenya and Rwanda and discussed investment opportunities in the East African nations. In 2018, he returned to Africa and launched the Netpreneur Prize, a $10 million competition for African tech innovators, in Johannesburg, South Africa.