December 5, 2022

Business School

Business Opening

Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Understanding (MoU) with Japan Institute for Abroad Financial commitment (JOI) to enable Zambia draw in far more Japanese Investment decision in the country.

The MoU paves way for the Mission to be a part of 36 Embassies, 193 Japanese firms, foreign expense marketing agencies and international organizations into a network that will reward Zambia as a result of the use and spread of facts handy for International Immediate Expense (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 more Japanese providers will make investments in the country’s many sectors.

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“Zambia appreciates the amount of Japanese support it has been given by means of Abroad Growth Aid (ODA) but the state is now searching to have the Japanese non-public sector engage in a far more lively role and get into partnerships with the Zambian personal sector, hence the vital job of JOI,” she stated.

And Mr Nakanishi stated he will perform tough in assisting Zambia attract more Japanese investors.

Mr Nakanishi reported the MoU will end result in JOI contributing to deepening the financial relations in between Zambia and Japan as a result of facilitating audio and easy advancement of Japanese direct investment decision by conducting things to do these kinds of as economic seminars, exploration and assessment of facts valuable for Japanese Traders.”