Rwanda, Alibaba Explore Expanding Cooperation to Financial Technology

Rwanda's President Paul Kagame (R) meets with Alibaba Group Director Eric Jing (L), who is also Chairman and CEO of Alibaba's affiliate Ant Financial Services Group, in Kigali, capital of Rwanda, on Nov. 27, 2019. (URUGWIRO VILLAGE)
By :
AT Reporter

KIGALI – Rwanda, Alibaba have discussed deepening cooperation on Electronic World Trade Platform (eWTP) and expanding the cooperation to technology sector such as financial technology.

Africa Tembelea understands that the discussion was held during a meeting between Rwanda’s President Paul Kagame and Alibaba Group Director Eric Jing in Rwandan capital city Kigali on Wednesday.

Kagame and Jing, who is also Chairman and CEO of Alibaba’s affiliate Ant Financial Services Group, agreed that the technology cooperation will be the next priority in their cooperation, said the statement from Alibaba.

Blockchain remittance network, which can ease remittance from overseas to Rwanda, and QR code, a technology that provides convenience to tourists when spending money, could be introduced in the potential technology cooperation, the statement from Alibaba further added.

The Rwandan president, also appreciated the existing cooperation with Alibaba.

– eWTP –

Rwanda and the Chinese technology giant, Alibaba launched the eWTP in October 2018, making the former the first African country to launch the platform. The launching ceremony also saw the signing of MoUs in the areas of capacity building, e-commerce, tourism and e-payment, under the framework of eWTP.

It was proposed by Jack Ma, founder of Alibaba, in 2016. eWTP aims to set up an open platform for private enterprises and coordination among international organizations, governments and social groups which focus on the development of SMEs as well as trade.

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