Japanese explore investment in Zambia

A team of Japanese investors is in the country to scout for Business opportunities.

The team on Tuesday visited Zambeef produts operation in Chisamba.

Japanese ambassador to Zambia Kiyoshi Koinuma said Zambia’s agriculture sector offers significant opportunities for Japanese investors.

He said the Japanese embassy plans to bring a mission of Japanese investors to Zambia next year to explore business opportunities in a range of sectors, which would include agricultural technology.

“Zambeef is one of the success stories in the agriculture sector in Zambia and the agriculture sector is one of the priorities for Japanese companies; that is the reason I came here to visit Zambeef,” said Mr Koinuma.

Zambeef joint chief executive officer Francis Grogan said there was need for companies to invest in Zambia from a business point of view to open up the economy.

He said if the Japanese were interested in developing agribusiness in Zambia there were enormous opportunities to produce food locally and be supplied to the region.

Mr Grogan said the company’s stance was to encourage local production and supporting Zambia small-scale farmers, instead of allowing the import of food from elsewhere when Zambia was capable of being self-sufficient in a range of commodities.