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 Expense (JOI) to enable Zambia appeal to more Japanese Investment in the state.

The MoU paves way for the Mission to be part of 36 Embassies, 193 Japanese firms, international expense marketing businesses and global organizations into a network that will gain Zambia as a result of the use and distribute of data practical for Foreign Direct Expenditure (FDI).

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

Ambassador Mutiti is optimistic that by the operationalization of the MoU more Japanese providers will devote in the country’s numerous sectors.

“Zambia appreciates the volume of Japanese assist it has been given by way of Overseas Enhancement Help (ODA) but the country is now on the lookout to have the Japanese non-public sector engage in a more energetic job and get into partnerships with the Zambian personal sector, consequently the important function of JOI,” she mentioned.

And Mr Nakanishi stated he will operate really hard in assisting Zambia entice additional Japanese investors.

Mr Nakanishi claimed the MoU will consequence in JOI contributing to deepening the economic relations amongst Zambia and Japan as a result of facilitating sound and smooth development of Japanese immediate financial commitment by conducting actions this kind of as economic seminars, research and assessment of data useful for Japanese Traders.”