Zambia signs MoU to attract more Japanese investment

ByLavinia E. Smith

Mar 27, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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

The MoU paves way for the Mission to be part of 36 Embassies, 193 Japanese companies, international investment decision promotion organizations and international corporations into a network that will profit Zambia through the use and distribute of info handy for Foreign Direct Expense (FDI).

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

Ambassador Mutiti is optimistic that by the operationalization of the MoU a lot more Japanese organizations will invest in the country’s various sectors.

“Zambia appreciates the total of Japanese assistance it has gained as a result of Abroad Progress Guidance (ODA) but the place is now on the lookout to have the Japanese personal sector enjoy a extra energetic position and get into partnerships with the Zambian private sector, for this reason the crucial function of JOI,” she explained.

And Mr Nakanishi stated he will get the job done tough in helping Zambia bring in much more Japanese buyers.

Mr Nakanishi explained the MoU will result in JOI contributing to deepening the economic relations among Zambia and Japan by means of facilitating seem and smooth advancement of Japanese immediate financial commitment by conducting activities such as financial seminars, exploration and evaluation of information helpful for Japanese Investors.”