The Fiji Development Bank (FDB), in partnership with the Ministry of Trade, Co-operatives, Small and Medium Enterprises, and Communications, recently provided crucial machinery to two local businesses in Nadi, enhancing their operational capabilities. The recipients, Vurabere Investment Pte Limited and Tokatoka Namara Development Pte Limited, received a truck and an excavator, respectively, to aid in their sand and gravel extraction activities.
This initiative, supported by both FDB and the Ministry’s Integrated Human Resource Development Programme (IHRDP), is set to empower these businesses by reducing costs and facilitating job creation in their communities. Titilia Vakaoca Kamil, FDB’s acting CEO, emphasized that this move is a significant step toward promoting self-reliance and a growth mindset among local enterprises.
Minister for Trade Manoa Kamikamica led the handover event, which highlighted the effective collaboration between FDB and the ministry aimed at ensuring local businesses have the necessary tools for success. A representative from Tokatoka Namara Development expressed enthusiasm about the new excavator, noting its potential to enhance operational efficiency and expand business opportunities.
The handover events took place in Dratabu and Maqalevu, attracting around 40 attendees, including various stakeholders and local representatives. Mohammed Jaffar, the Nadi Branch manager of FDB, shared insights into the bank’s continuous support for businesses throughout Fiji.
FDB reiterated its commitment to working closely with local businesses and government agencies to foster economic growth and sustainability in Fiji. Kamil encouraged businesses to reach out to the bank for inquiries, affirming FDB’s mission to deliver comprehensive services that bolster the sustainable development of the Fijian economy.
In summary, this collaboration marks a pivotal effort to enable local businesses to thrive, ultimately contributing to the economic well-being of communities in Fiji. The introduction of new machinery is not just about immediate business needs; it symbolizes a broader vision for resilience and sustainable growth in the region.
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