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 Abroad Investment decision (JOI) to enable Zambia draw in extra Japanese Financial commitment in the country.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese companies, overseas expense marketing businesses and worldwide businesses into a network that will benefit Zambia via the use and unfold of information and facts helpful for Foreign 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 providers will devote in the country’s several sectors.

“Zambia appreciates the amount of Japanese guidance it has gained via Overseas Progress Help (ODA) but the place is now searching to have the Japanese personal sector participate in a more lively purpose and get into partnerships with the Zambian personal sector, as a result the important job of JOI,” she explained.

And Mr Nakanishi explained he will operate difficult in helping Zambia attract extra Japanese buyers.

Mr Nakanishi said the MoU will final result in JOI contributing to deepening the economic relations concerning Zambia and Japan by facilitating audio and easy enhancement of Japanese direct expenditure by conducting functions this kind of as economic seminars, analysis and investigation of information and facts handy for Japanese Traders.”