Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Comprehending (MoU) with Japan Institute for Abroad Investment decision (JOI) to aid Zambia appeal to extra Japanese Expenditure in the nation.

The MoU paves way for the Mission to be part of 36 Embassies, 193 Japanese companies, overseas expense marketing agencies and global companies into a network that will benefit Zambia by means of the use and distribute of data beneficial for International Immediate Financial commitment (FDI).

The MoU was signed by Zambia’s Ambassador to Japan, Ndiyoi Muliwana Mutiti and Japan Institute for Overseas Financial investment president, Kohei Nakanishi.

Ambassador Mutiti is optimistic that via the operationalization of the MoU additional Japanese companies will invest in the country’s numerous sectors.

“Zambia appreciates the amount of money of Japanese support it has been given through Overseas Progress Help (ODA) but the nation is now hunting to have the Japanese personal sector engage in a far more active role and get into partnerships with the Zambian private sector, that’s why the significant function of JOI,” she stated.

And Mr Nakanishi stated he will get the job done tricky in helping Zambia appeal to far more Japanese traders.

Mr Nakanishi reported the MoU will result in JOI contributing to deepening the financial relations among Zambia and Japan by facilitating sound and sleek improvement of Japanese direct financial investment by conducting actions these kinds of as economic seminars, investigation and evaluation of details handy for Japanese Traders.”