Fijian Holdings Ltd (FHL), a publicly listed investment conglomerate, has recently confirmed a partnership with Cakaudrove Provincial Holdings Company Ltd (CPHCL) as part of its Impact Investing portfolio. According to FHL’s February 2025 newsletter, this collaboration has been formalized through a redeemable preference shares agreement, with FHL investing $4 million.
The funds will facilitate the commercial development of a two-storey building in Natuvu, Savusavu, where notable companies RB Patel and Vinod Patel are set to be the anchor tenants. This initiative reflects FHL’s commitment to economic growth through strategic investments.
In 2023, during the launch of FHL’s impact investment initiative aimed at enhancing indigenous economic participation and empowerment, CEO Jaoji Koroi stated that the company had allocated approximately $50 million—10 percent of its capital base—toward financing iTaukei businesses. Up to that point, about $14.6 million had been invested in equity for five joint venture projects located in areas like Taveuni, Savusavu, Korovou, Muaivuso, and Kalabu. Koroi emphasized the importance of focusing on these initial projects until they reach maturity before pursuing any new commitments.
FHL, which operates under strict regulations as its shareholding is limited to iTaukei investors, last traded its shares at $1.09. Established 40 years ago, FHL has become a significant force in promoting economic empowerment among the iTaukei community, reinforcing its role not only as a profitable enterprise but also as a driver for local development.
As FHL progresses with these projects, there is a hopeful outlook for the future, as the company continues to exemplify how strategic investments can lead to positive economic impacts for the local communities, fostering a climate of growth and inclusiveness in Fiji.
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