Business News of Wed, 5 Sep 201843
Nana Addo lobbies for Alibaba Africa headquarters in Ghana
Barely a week after it was announced that a memorandum of understanding had been signed between Ghana and German firm, Volkswagen, to set up a car assembly plant in Ghana, President Akufo-Addo has revealed that meetings have been held during his state visit to China to get another multi-national company to set up their Africa operations headquarters in Ghana.
President Akufo-Addo, who is currently in China, met on Monday with Chinese business mogul, Jack Ma on the possibility of his company setting up the African headquarters of the Alibaba Group in Ghana.
President Akufo-Addo revealed that that the Alibaba Group, of which Mr. Jack Ma is the co-founder and Executive Chairman, has plans to partner African countries and to help nurture technological savvy talents in the sub-region hence the decision to ask him to set up the company’s Africa headquarters in Ghana.
Alibaba group is a multinational holding conglomerate specializing in e-commerce, retail, Internet, AI and technology.
Founded in 1999, the company provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals, as well as electronic payment services.
It owns and operates a diverse array of businesses around the world in numerous sectors, and is recognized as one of the world’s most admired companies.
Yesterday, I held a meeting with the co-founder and Exec. Chairman of Alibaba Group, Mr. Jack Ma. I urged him to consider establishing the headquarters of Alibaba’s Africa operations in Ghana as Alibaba Group looks to partner countries in Africa and help nurture tech talents. pic.twitter.com/mjAFGCJDie— Nana Akufo-Addo (@NAkufoAddo) September 4, 2018
Ghana, China sign eight co-operation agreements, MoUs
Ghana and China have signed eight (8) Co-operation Agreements and Memoranda of Understanding, in different sectors of their respective economies, aimed at deepening the ties of co-operation and the bonds of friendship that exist between the two countries.
The agreements were signed on Saturday, 1st September, 2018, after the President of the Republic, Nana Addo Dankwa Akufo-Addo, and the President of the People’s Republic of China, His Excellency Mr. Xi Jinping, held bilateral talks, as part of President Akufo-Addo’s State Visit to China.
The agreements are the “One belt one road Memorandum of Understanding”, “Memorandum on Regional Aviation Co-operation”, “Agreement for Co-operation in the peaceful use of nuclear energy”, and “Co-operation to carry out Maternal and Child Health Project”.
The rest are “Framework Agreement on Financing Insurance Co-operation” ($2 billion Sino-Hydro deal), “Economic co-operation on Phase 2 project of the University of Health and Allied Sciences, Ho”, “Co-operation on the expansion of the Cape Coast Stadium”, and “Co-operation on the supply of police vehicles to the Ghana Police Service.