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 Overseas Investment decision (JOI) to assist Zambia entice more Japanese Expense in the state.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese businesses, foreign expense marketing agencies and worldwide companies into a community that will profit Zambia by the use and unfold of facts beneficial for Foreign Direct Financial investment (FDI).

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

Ambassador Mutiti is optimistic that through the operationalization of the MoU far more Japanese businesses will commit in the country’s different sectors.

“Zambia appreciates the amount of money of Japanese support it has acquired via Abroad Advancement Support (ODA) but the state is now wanting to have the Japanese private sector perform a far more lively position and get into partnerships with the Zambian non-public sector, for this reason the important role of JOI,” she mentioned.

And Mr Nakanishi reported he will work difficult in helping Zambia attract extra Japanese investors.

Mr Nakanishi claimed the MoU will final result in JOI contributing to deepening the economic relations amongst Zambia and Japan through facilitating seem and clean improvement of Japanese immediate financial commitment by conducting activities this kind of as financial seminars, investigate and examination of data helpful for Japanese Traders.”