Zambia signs MoU to attract more Japanese investment

Kelsey W. Popham

The Embassy of Zambia in Japan has signed a Memorandum of Knowledge (MoU) with Japan Institute for Overseas Expenditure (JOI) to support Zambia catch the attention of far more Japanese Financial commitment in the region.

The MoU paves way for the Mission to be part of 36 Embassies, 193 Japanese corporations, international financial investment advertising businesses and international organizations into a network that will reward Zambia by means of the use and spread of facts helpful for Foreign Direct Expense (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 by the operationalization of the MoU more Japanese companies will devote in the country’s various sectors.

“Zambia appreciates the amount of money of Japanese aid it has gained by means of Abroad Enhancement Guidance (ODA) but the state is now searching to have the Japanese personal sector enjoy a far more lively position and get into partnerships with the Zambian personal sector, hence the important purpose of JOI,” she claimed.

And Mr Nakanishi explained he will perform tough in helping Zambia attract more Japanese investors.

Mr Nakanishi mentioned the MoU will consequence in JOI contributing to deepening the financial relations among Zambia and Japan by way of facilitating sound and smooth development of Japanese direct investment decision by conducting actions this kind of as economic seminars, study and evaluation of information and facts useful for Japanese Buyers.”

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