Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Being familiar with (MoU) with Japan Institute for Overseas Investment decision (JOI) to enable Zambia appeal to a lot more Japanese Investment in the region.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese companies, international financial investment marketing agencies and global companies into a community that will advantage Zambia by means of the use and spread of info useful for Foreign Immediate Expenditure (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 by the operationalization of the MoU extra Japanese firms will devote in the country’s many sectors.

“Zambia appreciates the amount of Japanese support it has obtained by means of Overseas Improvement Assistance (ODA) but the state is now seeking to have the Japanese private sector engage in a a lot more active position and get into partnerships with the Zambian personal sector, that’s why the important part of JOI,” she reported.

And Mr Nakanishi reported he will do the job hard in helping Zambia catch the attention of a lot more Japanese investors.

Mr Nakanishi stated the MoU will result in JOI contributing to deepening the economic relations involving Zambia and Japan as a result of facilitating audio and easy progress of Japanese direct expense by conducting actions this sort of as economic seminars, study and analysis of facts helpful for Japanese Traders.”