Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Being familiar with (MoU) with Japan Institute for Overseas Investment (JOI) to enable Zambia attract extra Japanese Financial investment in the nation.

The MoU paves way for the Mission to join 36 Embassies, 193 Japanese providers, overseas expense marketing businesses and global companies into a community that will advantage Zambia by way of the use and distribute of details helpful for International Direct Investment (FDI).

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

Ambassador Mutiti is optimistic that through the operationalization of the MoU extra Japanese companies will spend in the country’s a variety of sectors.

“Zambia appreciates the amount of money of Japanese aid it has gained by way of Abroad Improvement Assistance (ODA) but the state is now hunting to have the Japanese private sector perform a additional active role and get into partnerships with the Zambian personal sector, therefore the vital position of JOI,” she reported.

And Mr Nakanishi mentioned he will get the job done hard in assisting Zambia entice far more Japanese buyers.

Mr Nakanishi claimed the MoU will consequence in JOI contributing to deepening the financial relations among Zambia and Japan by facilitating seem and easy progress of Japanese immediate investment decision by conducting functions this sort of as economic seminars, exploration and assessment of facts practical for Japanese Traders.”