Zambia signs MoU to attract more Japanese investment

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The Embassy of Zambia in Japan has signed a Memorandum of Knowledge (MoU) with Japan Institute for Overseas Financial investment (JOI) to aid Zambia bring in additional Japanese Investment in the region.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese corporations, overseas financial investment promotion companies and intercontinental corporations into a network that will reward Zambia by way of the use and spread of information practical for Foreign Direct Financial commitment (FDI).

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

Ambassador Mutiti is optimistic that by means of the operationalization of the MoU far more Japanese companies will commit in the country’s different sectors.

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“Zambia appreciates the amount of money of Japanese support it has obtained by means of Abroad Enhancement Support (ODA) but the country is now wanting to have the Japanese non-public sector perform a a lot more energetic job and get into partnerships with the Zambian private sector, for this reason the vital function of JOI,” she explained.

And Mr Nakanishi said he will do the job challenging in helping Zambia attract more Japanese investors.

Mr Nakanishi claimed the MoU will result in JOI contributing to deepening the economic relations amongst Zambia and Japan via facilitating seem and clean advancement of Japanese direct financial investment by conducting routines this kind of as economic seminars, research and analysis of information and facts practical for Japanese Buyers.”

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