Zambia signs MoU to attract more Japanese investment

Catherine K

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The Embassy of Zambia in Japan has signed a Memorandum of Knowing (MoU) with Japan Institute for Overseas Expenditure (JOI) to aid Zambia appeal to extra Japanese Investment decision in the country.

The MoU paves way for the Mission to join 36 Embassies, 193 Japanese companies, international expense promotion organizations and global companies into a community that will advantage Zambia as a result of the use and distribute of information and facts beneficial for Overseas Direct Expenditure (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 through the operationalization of the MoU a lot more Japanese providers will commit in the country’s numerous sectors.

“Zambia appreciates the volume of Japanese support it has gained by means of Overseas Improvement Help (ODA) but the place is now hunting to have the Japanese private sector play a far more active role and get into partnerships with the Zambian personal sector, for this reason the significant function of JOI,” she mentioned.

And Mr Nakanishi claimed he will operate tough in aiding Zambia entice extra Japanese investors.

Mr Nakanishi explained the MoU will end result in JOI contributing to deepening the economic relations amongst Zambia and Japan by way of facilitating sound and sleek enhancement of Japanese immediate expense by conducting pursuits such as economic seminars, exploration and investigation of data handy for Japanese Investors.”

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