Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Understanding (MoU) with Japan Institute for Abroad Investment (JOI) to enable Zambia appeal to a lot more Japanese Expense in the place.

The MoU paves way for the Mission to be a part of 36 Embassies, 193 Japanese organizations, foreign expense promotion businesses and worldwide corporations into a community that will gain Zambia by the use and unfold of information and facts helpful for Overseas Immediate Investment (FDI).

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

Ambassador Mutiti is optimistic that by means of the operationalization of the MoU additional Japanese firms will make investments in the country’s a variety of sectors.

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“Zambia appreciates the quantity of Japanese assistance it has acquired by Abroad Improvement Aid (ODA) but the country is now wanting to have the Japanese non-public sector enjoy a much more active part and get into partnerships with the Zambian non-public sector, therefore the vital function of JOI,” she explained.

And Mr Nakanishi claimed he will function tough in helping Zambia entice more Japanese investors.

Mr Nakanishi mentioned the MoU will end result in JOI contributing to deepening the financial relations concerning Zambia and Japan via facilitating audio and clean advancement of Japanese direct financial commitment by conducting activities these kinds of as financial seminars, investigation and examination of info beneficial for Japanese Investors.”