The Fiji Development Bank (FDB) has partnered with the Ministry of Trade, Co-operatives, Small and Medium Enterprises, and Communications to deliver essential machinery to two local businesses owned by resource owners in Nadi. A truck and an excavator were handed over to Vurabere Investment Pte Limited, while another excavator was given to Tokatoka Namara Development Pte Limited.
The businesses specialize in sand and gravel extraction and are now better poised to manage their operations thanks to this support, which includes funding from the Ministry’s Integrated Human Resource Development Programme (IHRDP). FDB’s acting chief executive officer, Titilia Vakaoca Kamil, noted that these machines will empower local businesses to control their resources and cut operational costs, thereby generating much-needed employment in their communities.
Minister for Trade Manoa Kamikamica led the handover event, emphasizing the significance of the ongoing collaboration between the FDB and the ministry in bolstering local businesses and resource owners. A representative from Tokatoka Namara Development expressed excitement about how the new excavator would facilitate better cost management and operational expansion, unlocking new opportunities for their business.
The handover events, which occurred at Dratabu and Maqalevu in Nadi, drew approximately 40 participants, including key stakeholders and local representatives. FDB was represented by Nadi Branch manager Mohammed Jaffar, who provided insights into the bank’s support for businesses throughout Fiji.
FDB reaffirmed its commitment to collaborating with local businesses and government entities to foster economic growth and sustainability. Kamil welcomed businesses to reach out to the bank for inquiries, stating that their vision is to offer robust services that contribute to the sustainable development of the Fijian economy.
This initiative not only signifies a positive move towards local empowerment and economic resilience but also serves as a testament to the importance of collaboration between public and private sectors in driving growth and enhancing community welfare. The reciprocation of support between FDB and local businesses is an encouraging sign that can inspire further investments and innovations across the region.
In summary, the collaborative efforts by FDB and the Ministry of Trade in providing essential machinery to support local businesses reflect a proactive approach to fostering economic development and community sustainability in Fiji.
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