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PM Dr Abiy visits Alibaba’s headquarters

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Addis Ababa, April 25, 2019 (FBC) -Prime Minister Dr Abiy Ahmed and his delegation visited the headquarters of the e-commerce giant Alibaba, In Hangzhou, China.

Following up on their meeting earlier this year in Davos, Switzerland, Prime Minister Abiy Ahmed and Alibaba Group Chairman Jack Ma shared that the visit is a reflection of a friendship geared towards supporting Ethiopia’s development.

Jack Ma expressed he has been inspired by the reforms that Ethiopia has been undergoing, confirming that Ethiopia is now a key strategic partner which will be further explored on his visit later this year, according to office of the Prime Minister.

The Prime Minister and his delegation met Communist Party Secretary of Zhèjiāng province, Che Jun.

Private enterprises from the province are currently operating in Ethiopia and Prime Minister Dr Abiy encouraged for more investments in the newly opened up sectors, including engagement in agricultural exports to the province.

Zhèjiāng province, a winner of the United Nation’s ecological honor for its river and streams clean up and revival program, is a model for the ‘Beautifying Sheger’ river cleaning project, the office said.

The Prime Minister traveled to Beijing last Monday to attend the second Belt and Road Forum (BRF).

Ahead of the forum, the Premier and his delegation met several Chinese officials, including President Xi Jinping and Prime Minister Li Keqiang to discuss the further strengthening of Ethiopia-China relations.

During the meeting, Chinese President admired the leadership of PM Dr Abiy and the reforms he has led over the past year, noting that China holds Ethiopia’s development in high regard.

President Xi also announced the cancellation of interest-free loans matured till end of 2018.

Premier Li Keqiang for his part confirmed that China will continue to support Ethiopia’s efforts in promoting the wellbeing of its citizens and its economy. Both Prime Ministers presided over the signing of five agreements that reflect the deepening of these relations.

Following Prime Minister Dr Abiy’s meeting with State Grid Corporation of China, the two countries also concluded a 1.8 billion US dollars investment agreement which covers provision of electric power transmission and distribution lines.

The project will supply power for up to 16 industrial parks; the Addis Ababa to Djibouti 2nd railway line and for different cities in the country.

The agreement will facilitate not only uninterrupted power supply but also enable the creation of jobs.

The Ethiopian Premier also met officials of the China Railway Construction Corporation (CRCC). CRCC have expressed interest in investing in agro-industry parks development, oil and gas development and the beautifying Sheger river project.