The Fiji Development Bank (FDB), in partnership with the Ministry of Trade, Co-operatives, Small and Medium Enterprises, and Communications, has delivered vital machinery to two Nadi-based businesses owned by resource owners. A truck and an excavator were provided to Vurabere Investment Pte Limited, while another excavator was handed over to Tokatoka Namara Development Pte Limited.
According to an FDB statement, these companies specialize in sand and gravel extraction and are now better equipped to enhance their operations, thanks to financial assistance from FDB along with additional funds from the Ministry’s Integrated Human Resource Development Programme (IHRDP).
Titilia Vakaoca Kamil, FDB’s acting chief executive officer, expressed that the machines would enable local businesses to harness their resources effectively, lower expenses, and generate essential job opportunities within their communities. She remarked, “This is a significant move towards greater self-reliance and a growth mindset, and we are proud to be part of it.”
Kamil highlighted the collaboration with the ministry, stating it exemplifies the collective efforts to ensure that businesses in Fiji have the necessary tools to thrive. Supporting enterprises like Vurabere Investment and Tokatoka Namara Development is an investment in the future of Fiji’s communities and economy.
Minister for Trade Manoa Kamikamica led the handover, emphasizing the strong partnership between FDB and the ministry in fostering local businesses and resource owners. A representative from Tokatoka Namara Development Pte Limited mentioned that the new excavator would help them better manage costs and expand their operations, unlocking new business opportunities.
The handover events took place at Dratabu and Maqalevu in Nadi, attended by around 40 participants, including key stakeholders and local representatives. Mohammed Jaffar, manager of FDB’s Nadi Branch, shared insights into the bank’s ongoing support for businesses across Fiji.
FDB reaffirmed its commitment to collaborating with local businesses and government entities to boost economic growth and sustainability within Fiji’s business sector. Kamil encouraged businesses to reach out to the bank for inquiries, stating, “Our vision is to provide robust services to sectors and enterprises that contribute to the sustainable development of the Fijian economy.”
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