Zambia signs MoU to attract more Japanese investment

The Embassy of Zambia in Japan has signed a Memorandum of Comprehension (MoU) with Japan Institute for Abroad Financial commitment (JOI) to help Zambia entice additional Japanese Expenditure in the state.

The MoU paves way for the Mission to be part of 36 Embassies, 193 Japanese providers, overseas investment decision promotion businesses and global corporations into a community that will benefit Zambia by means of the use and spread of details beneficial for Foreign Direct Financial commitment (FDI).

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

Ambassador Mutiti is optimistic that as a result of the operationalization of the MoU far more Japanese corporations will spend in the country’s numerous sectors.

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“Zambia appreciates the amount of Japanese assistance it has been given by Overseas Improvement Help (ODA) but the nation is now seeking to have the Japanese personal sector engage in a additional lively position and get into partnerships with the Zambian personal sector, consequently the important role of JOI,” she said.

And Mr Nakanishi said he will operate really hard in assisting Zambia attract additional Japanese traders.

Mr Nakanishi said the MoU will final result in JOI contributing to deepening the financial relations in between Zambia and Japan through facilitating seem and easy progress of Japanese direct expense by conducting routines this kind of as financial seminars, investigation and analysis of details practical for Japanese Investors.”

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Barbara G. Arnold

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