The Fiji Development Bank (FDB) and the Ministry of Trade, Co-operatives, Small and Medium Enterprises, and Communications joined forces to deliver essential machinery to two businesses owned by resource owners in Nadi. A truck and an excavator were provided to Vurabere Investment Pte Limited, while another excavator was allocated to Tokatoka Namara Development Pte Limited.
This initiative aims to enhance the operational capabilities of these companies, which specialize in sand and gravel extraction. The financial backing from FDB, combined with additional support from the Ministry’s Integrated Human Resource Development Programme (IHRDP), has positioned these businesses to improve their efficiency and productivity.
FDB’s acting CEO, Titilia Vakaoca Kamil, emphasized the significance of this collaboration, stating that it empowers local businesses to harness their resources effectively, cut costs, and facilitate job creation in their communities. Kamil expressed pride in their role in fostering greater self-reliance and promoting a growth mindset among Fijian businesses.
Minister for Trade Manoa Kamikamica highlighted the strong partnership between FDB and the ministry, reaffirming their commitment to supporting local enterprises and resource owners. A representative from Tokatoka Namara Development remarked on how the new excavator would enable better cost management and operational expansion.
The handover events, attended by around 40 participants, showcased the ongoing partnership’s focus on fostering economic growth and sustainability in Fiji’s business landscape. FDB remains dedicated to collaborating with local businesses and government entities, encouraging them to reach out for support and guidance as they strive to contribute to the development of the Fijian economy.
In a positive light, the initiative marks a proactive step towards strengthening local economies, promoting self-sufficiency, and building a brighter future for Fiji’s communities. This coordinated effort not only provides immediate benefits to the businesses involved but also paves the way for long-term economic stability and job creation across the region.
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