Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Comprehension (MoU) with Japan Institute for Abroad Expenditure (JOI) to help Zambia entice more Japanese Financial commitment in the country.

The MoU paves way for the Mission to be a part of 36 Embassies, 193 Japanese organizations, foreign expenditure advertising companies and international businesses into a network that will advantage Zambia through the use and spread of facts valuable for Foreign Direct Financial investment (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 via the operationalization of the MoU additional Japanese firms will make investments in the country’s different sectors.

“Zambia appreciates the quantity of Japanese assistance it has been given by way of Abroad Enhancement Aid (ODA) but the state is now on the lookout to have the Japanese personal sector engage in a a lot more energetic position and get into partnerships with the Zambian non-public sector, therefore the vital job of JOI,” she mentioned.

And Mr Nakanishi said he will work tricky in helping Zambia appeal to a lot more Japanese traders.

Mr Nakanishi reported the MoU will result in JOI contributing to deepening the economic relations amongst Zambia and Japan by means of facilitating sound and clean development of Japanese direct financial commitment by conducting routines such as economic seminars, study and evaluation of info beneficial for Japanese Investors.”