The Embassy of Zambia in Japan has signed a Memorandum of Understanding (MoU) with Japan Institute for Abroad Expense (JOI) to aid Zambia bring in more Japanese Investment in the nation.

The MoU paves way for the Mission to join 36 Embassies, 193 Japanese corporations, foreign investment decision marketing agencies and intercontinental businesses into a network that will profit Zambia by the use and spread of facts practical for International Immediate Investment decision (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 through the operationalization of the MoU a lot more Japanese providers will invest in the country’s many sectors.

“Zambia appreciates the quantity of Japanese aid it has been given through Overseas Improvement Guidance (ODA) but the state is now wanting to have the Japanese personal sector perform a far more active part and get into partnerships with the Zambian private sector, that’s why the crucial part of JOI,” she said.

And Mr Nakanishi said he will get the job done difficult in helping Zambia catch the attention of a lot more Japanese investors.

Mr Nakanishi explained the MoU will outcome in JOI contributing to deepening the economic relations among Zambia and Japan by way of facilitating sound and easy progress of Japanese direct investment decision by conducting activities this kind of as economic seminars, investigate and examination of data helpful for Japanese Investors.”