Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Knowledge (MoU) with Japan Institute for Overseas Investment decision (JOI) to assistance Zambia bring in extra Japanese Financial investment in the nation.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese firms, international expenditure advertising agencies and worldwide businesses into a community that will profit Zambia through the use and distribute of facts valuable 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 as a result of the operationalization of the MoU much more Japanese organizations will spend in the country’s a variety of sectors.

“Zambia appreciates the volume of Japanese help it has acquired by way of Abroad Development Support (ODA) but the state is now hunting to have the Japanese non-public sector participate in a more energetic role and get into partnerships with the Zambian private sector, therefore the crucial role of JOI,” she stated.

And Mr Nakanishi claimed he will do the job hard in assisting Zambia attract a lot more Japanese investors.

Mr Nakanishi stated the MoU will outcome in JOI contributing to deepening the financial relations amongst Zambia and Japan as a result of facilitating sound and easy development of Japanese direct expenditure by conducting activities this sort of as financial seminars, analysis and evaluation of information and facts practical for Japanese Buyers.”