December 7, 2022

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Zambia signs MoU to attract more Japanese investment

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The Embassy of Zambia in Japan has signed a Memorandum of Comprehending (MoU) with Japan Institute for Overseas Expenditure (JOI) to assistance Zambia draw in a lot more Japanese Financial investment in the state.

The MoU paves way for the Mission to join 36 Embassies, 193 Japanese corporations, international investment advertising organizations and global corporations into a community that will profit Zambia via the use and unfold of data valuable for International Direct Expense (FDI).

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

Ambassador Mutiti is optimistic that by way of the operationalization of the MoU a lot more Japanese providers will invest in the country’s several sectors.

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“Zambia appreciates the quantity of Japanese help it has received as a result of Overseas Advancement Aid (ODA) but the state is now seeking to have the Japanese personal sector play a a lot more active job and get into partnerships with the Zambian non-public sector, that’s why the important role of JOI,” she explained.

And Mr Nakanishi reported he will operate challenging in helping Zambia draw in extra Japanese buyers.

Mr Nakanishi mentioned the MoU will consequence in JOI contributing to deepening the financial relations among Zambia and Japan through facilitating audio and sleek enhancement of Japanese direct financial investment by conducting activities these as financial seminars, study and evaluation of information and facts helpful for Japanese Investors.”

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