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 Financial investment (JOI) to aid Zambia entice a lot more Japanese Financial commitment in the state.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese organizations, foreign investment decision promotion organizations and worldwide businesses into a community that will gain Zambia by the use and distribute of information valuable for Foreign Immediate Financial investment (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 as a result of the operationalization of the MoU extra Japanese providers will spend in the country’s numerous sectors.

“Zambia appreciates the volume of Japanese support it has acquired by way of Overseas Development Support (ODA) but the place is now searching to have the Japanese non-public sector perform a extra lively part and get into partnerships with the Zambian non-public sector, that’s why the crucial role of JOI,” she said.

And Mr Nakanishi mentioned he will function really hard in aiding Zambia entice more Japanese investors.

Mr Nakanishi explained the MoU will end result in JOI contributing to deepening the financial relations concerning Zambia and Japan by means of facilitating audio and easy progress of Japanese direct investment decision by conducting activities this sort of as financial seminars, exploration and investigation of information and facts useful for Japanese Investors.”