May 22, 2024

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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 Expenditure (JOI) to assistance Zambia attract far more Japanese Investment in the nation.

The MoU paves way for the Mission to join 36 Embassies, 193 Japanese corporations, overseas expenditure promotion businesses and worldwide organizations into a network that will reward Zambia by the use and distribute of details beneficial for Overseas Direct Financial commitment (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 by means of the operationalization of the MoU a lot more Japanese firms will invest in the country’s different sectors.

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“Zambia appreciates the sum of Japanese guidance it has received by means of Abroad Enhancement Assistance (ODA) but the place is now on the lookout to have the Japanese personal sector play a a lot more active function and get into partnerships with the Zambian personal sector, therefore the significant part of JOI,” she reported.

And Mr Nakanishi mentioned he will work tricky in aiding Zambia catch the attention of more Japanese buyers.

Mr Nakanishi said the MoU will end result in JOI contributing to deepening the economic relations amongst Zambia and Japan via facilitating audio and sleek growth of Japanese direct investment decision by conducting pursuits this kind of as financial seminars, analysis and evaluation of data practical for Japanese Traders.”

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