Africa Business World 

World e-commerce leaders announce huge growth during pandemic

During the global pandemic, some of the world’s leading e-commerce companies have thrived with unexpected employee hires, massive turnover and agile operation procedures. Big players Amazon and Alibaba Group in particular have announced remarkable revenue growth in their respective regions, as reported by Compare the Market. For Amazon, a strategic diversion of product focus to COVID-19-related products such as sanitizers and face masks resulted in the significant influx of new employees. The company increased staff numbers by 34% from the previous year, while also increasing net sales by 40% from…

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Africa Business West Africa World 

Jack Ma Foundation awards $1 million to African entrepreneurs

The Jack Ma Foundation on Saturday hosted its first annual Africa Netpreneur Prize Initiative (ANPI) grand finale awarding $1 million in prize money to 10 entrepreneurs from across Africa. The ANPI is a flagship initiative of the Jack Ma Foundation, created by Jack Ma after his first trip to Africa in 2017. The aim of the prize is to support and inspire the next generation of African entrepreneurs who are building a more sustainable and inclusive economy for the future. In its inaugural year, nearly 10,000 entrepreneurs from 50 countries…

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