Rwanda president, Paul Kagame, and Alibaba Group executive chairman, Jack Ma, have witnessed the signing of three memoranda of understanding between the government and the tech giant.
The deals establish an electronic world trade platform hub in Rwanda.
The agreements are intended to strengthen cooperation in support of Rwanda’s economic development by promoting policy innovation, enabling cross-border trade of Rwandan products to Chinese consumers, facilitating tourism to Rwanda, and providing capacity building to empower the growth of Rwanda’s digital economy.
As a regional pioneer with a vision to create world class digital infrastructure, Rwanda becomes the first country in Africa to establish an eWTP hub.
The eWTP is a multi-stakeholder global initiative promoting public-private dialogue to foster a more effective and efficient policy and business environment to enable small and medium-sised enterprises to participate in cross-border electronic trade.
“The Electronic World Trade Platform opens up new frontiers in e-commerce and tourism for Rwanda, and will also boost the capacity and competitiveness of our entrepreneurs and businesspeople,” said Kagame.
“Rwandan producers will be able to sell directly to a much larger set of customers than before, while bypassing costly intermediaries. This improves productivity and profitability.
“There really are no downsides to doing business on a global scale.”
Under the agreements, Alibaba will work with the Rwanda Development Board to help Rwandan companies sell their products, including coffee and handicrafts, to Chinese consumers through Alibaba’s online marketplaces.
Alibaba’s travel services platform, Fliggy, and the RDB will also work together to promote Rwanda as a tourist destination through a Rwanda Tourism Store for booking flights, hotels and travel experiences and a Destination Pavilion where Chinese consumers can learn about visiting the country, including its beautiful natural parks, through engaging video content.
Alibaba affiliate Ant Financial will share expertise in inclusive financial tools, such as mobile payments, to support the Rwandan digital economy.