Of recent, the Rwanda Development Board entered into a partnership deal with the Rwanda Embassy in China a move that was intended to showcase the country’s available investment and tourism opportunities. The dumbed ‘Rwanda Week’ in China mainly targeted the potential investors who would make the best of country’s available investment opportunities. Due to this, one of the most famous business and investors ‘Jack Ma’ is soon expected to pay a visit to this remarkable country.
He is set to be in this landlocked country at the end of October on 30th where he will interact with most of the local investors to identify more available investment opportunities in different sectors. The major sectors of interest include tourism, electronic payment and education between China and Rwanda.
Jack Ma is a founder and executive chairman of Chinese e-commerce Alibaba Group Holding Ltd. Additionally, this group also deals in retails, internet, and technology. It was founded in 1999 with aim of offering consumer to consumer, business to consumer and business to business sales services through web portals and also electronic payment services, shopping search engines and not to forget cloud computing services. It deals in a number of businesses that are widely distributed worldwide and cover different sectors making it one of the most treasured companies in the world.
His visit will mark the second time he is visiting Rwanda after the last trip he made when he came to be part of Youth Connekt Africa summit that took place in July 2017. Over 2500 participants across Africa are engaged in the Youth-Connekt Summit and they are mainly engaged in motivational talks as well as get first hand guidance on how they can be empowered to change this forgotten continent.
Just the previous year alone Jack Ma in addition to sharing the hidden secretes of his success, he also disclosed to them the $10 million fund that was mainly targeted to aid the young African entrepreneurs explore the business world. This summit attracts various heads of state, world business leaders, AU commissioners, multilateral organizations, Ministers of Youth, development partners, young men and women entrepreneurs, civil society and academia, youth led organizations, venture capitalists, business angels and many others.
The project was launched in 2012 by the Rwandan government in conjunction with One UN Rwanda. The main objective of this initiative was to unite different youths so as to help them showcase the potential of Africa’s youth and the available opportunities. As this is part of this program, Jack Ma-a renowned Chinese Billionaire has disclosed more about the 4 (four) groundbreaking projects that include inviting about 200 young African entrepreneurs to work at Alibaba headquarters.
This is aimed at making the youths gain experience in the fields like the e-commerce, internet and artificial intelligence. The other initiative is mainly to work with universities in Africa and government to provide training in particular courses that still cover areas of artificial intelligence, e-commerce and internet. The 3rd(third) program is mainly to partner between Alibaba and Paradise Foundation of China.
The project will mainly focus on promoting and supporting environmental conservation efforts in African continent mostly elephant and other wildlife species. Elephants are among the very few most endangered species in the world and despite this fact, they are also the most looked for among the big game in Africa. Their existence plays a significant role in the tourism sector. In Africa, they come in different species including the forest elephants-these mainly dwell in most of the tropical rain-forests of Africa and the African bush-the savanna grassland dwellers.
With Alibaba partnership deal, Rwanda continues to leave the world wondering after it again struck a deal with Arsenal Football Club in a ‘Visit Rwanda’ campaign. By marketing it via Alibaba websites will further attract not only a large population of Chinese visitors but also other visitors across the world. What is amazing is that the upcoming Alibaba electronic payment system in Rwanda is of a great value the fact that the Alipay connects more than half a billion users and it is on an increase. Besides, about 8 (eight) African states have already adopted this system and due to this, the Rwanda Alibaba partnership deal perhaps will see Rwanda’s tourism and ICT sector on a lead in the near future.