The Jack Ma Foundation and Alibaba Philanthropy have announced a $1.5 million grant under the 2026 edition of Africa’s Business Heroes, with a renewed focus on expanding recognition to more entrepreneurs across the continent.
The initiative, themed “Defining Africa’s Future Today,” aims to spotlight founders building practical solutions to Africa’s most pressing economic and social challenges. Unlike previous editions that mainly highlighted a smaller pool of finalists, the programme will now recognise the top 100 entrepreneurs, significantly widening the visibility and opportunities available to emerging business leaders.
According to the Managing Director for Africa at Alibaba Philanthropy, Zahra Boateng-Baitie, African entrepreneurs are increasingly shaping the continent’s development through innovation and enterprise.
“African entrepreneurs are playing a critical role in shaping the continent’s future by addressing key economic and social issues,” Boateng-Baitie said.
She explained that the programme goes beyond financial support, providing mentorship, strategic guidance and exposure to help businesses grow sustainably.
“Beyond the grant funding, the programme provides mentorship, strategic guidance and exposure to help businesses scale sustainably, create jobs and drive inclusive growth,” she added.
The programme will accept applications from founders working across sectors such as climate-smart agriculture, digital finance, healthcare, logistics, manufacturing and emerging technologies.
As part of the expansion, ABH will also deepen engagement across 10 African markets while paying particular attention to under-represented countries including Namibia, Tunisia and Zambia.
Eligible applicants must be African citizens or legal residents leading registered businesses that have operated for at least three years and demonstrate measurable social impact.
