Finance & Economics

Alibaba signed e-commerce agreements with another country

The eWTP hub will serve as a gateway for Ethiopian products to China and new markets

Alibaba Group

Alibaba signed e-commerce agreements with another country. Source:

Alibaba Group has signed 3 agreements with the Ethiopian government to join the Electronic World Trade Platform. The eWTP is the Alibaba’s initiative aiming to lower global trade barriers for SMEs through e-commerce. What is more, it will offer support in smart logistics, fulfillment, and talent training.

Ethiopia needed the four “Es” in order to connect its economy with global markets: education, e-government, e-frastructure and entrepreneurs. Education is critical for any uptick in economic strength, while governance handled online is more efficient and more transparent. In addition, larger and faster internet networks were essential for business today, and entrepreneurship was a driving force for job creation in any economy
Jack Ma, Alibaba Group founder 

Alibaba Business School will offer digital training, as part of the partnership. It means that Ethiopian entrepreneurs, business leaders, and university lecturers will be provided with a range of specialized programs for business management.


Pay Space

6725 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.