Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Knowing (MoU) with Japan Institute for Overseas Investment (JOI) to aid Zambia catch the attention of additional Japanese Expense in the place.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese firms, international financial investment marketing agencies and international corporations into a network that will profit Zambia by means of the use and spread of information beneficial for Foreign Immediate Investment (FDI).

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

Ambassador Mutiti is optimistic that through the operationalization of the MoU more Japanese corporations will devote in the country’s several sectors.

“Zambia appreciates the quantity of Japanese help it has gained via Overseas Improvement Assistance (ODA) but the state is now looking to have the Japanese private sector perform a a lot more lively part and get into partnerships with the Zambian non-public sector, hence the critical position of JOI,” she claimed.

And Mr Nakanishi explained he will operate hard in aiding Zambia bring in much more Japanese traders.

Mr Nakanishi mentioned the MoU will result in JOI contributing to deepening the economic relations in between Zambia and Japan by means of facilitating seem and sleek development of Japanese immediate financial investment by conducting functions this kind of as economic seminars, exploration and examination of information and facts helpful for Japanese Buyers.”