April 14, 2024


It's Your Education

Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Knowledge (MoU) with Japan Institute for Abroad Investment decision (JOI) to enable Zambia bring in extra Japanese Investment in the place.

The MoU paves way for the Mission to sign up for 36 Embassies, 193 Japanese businesses, foreign financial investment promotion agencies and intercontinental organizations into a network that will benefit Zambia through the use and spread of details practical for International Direct Investment decision (FDI).

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

Ambassador Mutiti is optimistic that as a result of the operationalization of the MoU much more Japanese providers will make investments in the country’s a variety of sectors.

“Zambia appreciates the total of Japanese support it has received as a result of Overseas Enhancement Help (ODA) but the region is now searching to have the Japanese private sector enjoy a a lot more lively purpose and get into partnerships with the Zambian non-public sector, as a result the crucial purpose of JOI,” she mentioned.

And Mr Nakanishi mentioned he will work hard in assisting Zambia catch the attention of far more Japanese traders.

Mr Nakanishi mentioned the MoU will final result in JOI contributing to deepening the financial relations concerning Zambia and Japan through facilitating seem and smooth progress of Japanese direct expense by conducting pursuits these types of as financial seminars, research and investigation of info helpful for Japanese Investors.”