The Embassy of Zambia in Japan has signed a Memorandum of Understanding (MoU) with Japan Institute for Overseas Expense (JOI) to assist Zambia draw in additional Japanese Investment in the nation.

The MoU paves way for the Mission to be part of 36 Embassies, 193 Japanese companies, overseas investment decision marketing businesses and worldwide companies into a network that will advantage Zambia by the use and distribute of information practical for Overseas Direct Investment decision (FDI).

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

Ambassador Mutiti is optimistic that by way of the operationalization of the MoU far more Japanese organizations will spend in the country’s different sectors.

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“Zambia appreciates the total of Japanese assistance it has been given via Overseas Development Help (ODA) but the state is now seeking to have the Japanese non-public sector enjoy a a lot more lively part and get into partnerships with the Zambian non-public sector, therefore the critical job of JOI,” she reported.

And Mr Nakanishi said he will perform challenging in helping Zambia catch the attention of far more Japanese traders.

Mr Nakanishi mentioned the MoU will consequence in JOI contributing to deepening the economic relations between Zambia and Japan by facilitating sound and sleek growth of Japanese immediate investment by conducting pursuits these as financial seminars, research and evaluation of information and facts valuable for Japanese Buyers.”