Jack Ma backs young African entrepreneurs with $10 million fund

Jack Ma is backing young African entrepreneurs with a new $10 million fund. The founder of Chinese ecommerce giant Alibaba announced his African Young Entrepreneurs Fund at the Youth Connekt Africa Summit in Rwanda. It was the first visit to the continent for Ma, who is worth more than $35 billion. “African entrepreneurs should not be asking

Chan Zuckerberg Initiative invests in affordable housing for teachers

Mark Zuckerberg believes in “personalized learning” and wants kids to teach themselves (through software Facebook is helping develop). But teachers will have a role, too, so Zuckerberg’s LLC is making a $5 million investment in Landed to help teachers buy homes in the Bay Area’s high-priced housing market. Landed generally contributes up to half of a

How Jeff Bezos Can Make the Biggest Immediate Philanthropic Impact — And Keep the Pitchforks at Bay

Over the last 24 hours, Jeff Bezos has made news for two big things. And they’re related. Yesterday, the Amazon founder, not a publicly known philanthropist, took to Twitter to say: “I’m thinking I want much of my philanthropic activity to be helping people in the here and now — short term — at the intersection of urgent need and

‘Warren Buffett has some excellent advice for foundations that they probably won’t take’

Warren Buffett’s advice to stick with low-cost index funds rather than high-fee money managers makes sense for philanthropies as well. “America’s foundations are taking money that could be devoted to their programs — to alleviate global poverty, to improve education, to support medical research or promote the arts — and transferring it to wealthy asset managers,” writes journalist Marc Gunther,

Sage of Omaha Extols America’s ‘Tide of Immigrants’

Human ingenuity. Market system. Rule of law. To the list of drivers of America’s economic dynamism, Warren Buffett added a fourth in his annual letter to shareholders of Berkshire Hathaway: “a tide of talented and ambitious immigrants.” Those factors, Buffett writes, combined “to deliver abundance beyond any dreams of our forefathers.” Buffett’s folksy style can

Seeing and Raising Mark Zuckerberg’s Big Bet on ‘Global Community’

Let’s give him the benefit of the doubt and acknowledge that Facebook chief Mark Zuckerberg took a big swing with last week’s 5,700-word post, “Building Global Community.” Hell, in the current environment, simply coming out in favor of global approaches to urgent challenges counts as a courageous move. “When we began, this idea was not

Bloomberg recruits Republicans to stake out a different immigration policy

Media mogul and former Mayor Michael Bloomberg has recruited Republicans as well as Democrats to help highlight the contributions of immigrants in all 435 congressional districts. The more than 100 roundtables and other events during this week’s congressional recess comes as the Trump administration rolls out plans to speed up deportation of undocumented immigrants. Immigrants