By MAIMBOLWA MULIKELELA –

THE Multilateral Investment Guarantee Agency (MIGA) executive vice president and chief executive officer Keiko Honda is expected to arrive in Zambia for a three-day visit.
MIGA is the political risk insurance and credit enhancement arm of the World Bank group.
Ms Honda’s visit underscores MIGA’s continued support to the country as it seeks to attract private sector investment that would help boost economic growth.
This is according to a statement issued from Washington DC which was obtained by Times of Zambia in Lusaka yesterday.
This is Ms Honda’s first visit to Zambia as head of the agency.
She will meet with officials from Government ministries, banks and private sector entities to discuss strengthening cooperation to better support Foreign Direct Investment into the country.
Ms Honda will highlight ways  on how MIGA’s political risk insurance can offer investors and lenders protection to overcome constraints that may hinder investment.
“We see significant opportunities for Zambia and MIGA can help by facilitating private investments in energy, agribusiness, manufacturing, and other sectors,” Ms Honda said.
She said MIGA had been active in Zambia and was in the country to underscore the organisation’s continued support for projects that help growth and development.
MIGA is currently supporting a manufacturing project in Lusaka that reconditions used parts and components from heavy-duty earth-moving machinery, primarily in the mining sector.
MIGA has also supported agribusiness projects, including Yalelo Fishery on Lake Kariba.
Since the agency’s inception, MIGA has provided US$164 million in guarantees to support investments.