Zambia signs MoU to attract more Japanese investment

ByJarvis Sankey

Apr 21, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Embassy of Zambia in Japan has signed a Memorandum of Understanding (MoU) with Japan Institute for Overseas Financial commitment (JOI) to assistance Zambia bring in far more Japanese Investment in the place.

The MoU paves way for the Mission to be part of 36 Embassies, 193 Japanese firms, international investment decision marketing businesses and intercontinental corporations into a network that will advantage Zambia via the use and distribute of facts helpful for Foreign Direct Expenditure (FDI).

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

Ambassador Mutiti is optimistic that by way of the operationalization of the MoU much more Japanese businesses will invest in the country’s many sectors.

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“Zambia appreciates the total of Japanese assistance it has obtained via Abroad Progress Support (ODA) but the country is now on the lookout to have the Japanese private sector play a additional lively position and get into partnerships with the Zambian non-public sector, hence the vital role of JOI,” she mentioned.

And Mr Nakanishi explained he will operate tough in helping Zambia attract extra Japanese investors.

Mr Nakanishi mentioned the MoU will result in JOI contributing to deepening the economic relations in between Zambia and Japan through facilitating audio and smooth advancement of Japanese immediate investment decision by conducting actions these types of as economic seminars, investigate and analysis of info beneficial for Japanese Traders.”