May 23, 2024

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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 Investment (JOI) to assist Zambia appeal to much more Japanese Financial investment in the place.

The MoU paves way for the Mission to join 36 Embassies, 193 Japanese organizations, overseas financial commitment advertising companies and international businesses into a network that will benefit Zambia as a result of the use and distribute of facts valuable for International Direct Expense (FDI).

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

Ambassador Mutiti is optimistic that through the operationalization of the MoU extra Japanese corporations will devote in the country’s numerous sectors.

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“Zambia appreciates the amount of money of Japanese aid it has acquired by Abroad Advancement Help (ODA) but the state is now seeking to have the Japanese private sector engage in a far more lively role and get into partnerships with the Zambian non-public sector, for this reason the essential purpose of JOI,” she explained.

And Mr Nakanishi mentioned he will function tricky in helping Zambia draw in a lot more Japanese traders.

Mr Nakanishi mentioned the MoU will outcome in JOI contributing to deepening the economic relations amongst Zambia and Japan by facilitating seem and easy growth of Japanese direct expense by conducting actions these types of as financial seminars, research and examination of information and facts helpful for Japanese Investors.”

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