Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Comprehension (MoU) with Japan Institute for Overseas Financial investment (JOI) to assist Zambia bring in additional Japanese Investment in the region.

The MoU paves way for the Mission to be a part of 36 Embassies, 193 Japanese businesses, overseas investment advertising companies and intercontinental organizations into a community that will advantage Zambia by way of the use and spread of info beneficial for Overseas Direct Expense (FDI).

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

Ambassador Mutiti is optimistic that by means of the operationalization of the MoU extra Japanese corporations will invest in the country’s many sectors.

“Zambia appreciates the total of Japanese aid it has acquired through Overseas Advancement Support (ODA) but the place is now searching to have the Japanese non-public sector play a extra energetic purpose and get into partnerships with the Zambian non-public sector, for this reason the critical job of JOI,” she said.

And Mr Nakanishi said he will get the job done tricky in helping Zambia draw in much more Japanese buyers.

Mr Nakanishi mentioned the MoU will consequence in JOI contributing to deepening the economic relations between Zambia and Japan by means of facilitating audio and clean development of Japanese immediate investment decision by conducting actions these kinds of as financial seminars, exploration and evaluation of details beneficial for Japanese Traders.”