Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, has revealed that Fiji’s Cooperatives hold $151 million worth of assets, earning a revenue of $26 million and generating $2.5 million in profits.
While officiating at the International Day of Cooperatives in Labasa yesterday, Kamikamica emphasized the critical role of cooperatives in national development. He noted that cooperatives significantly contribute to the economy, sustaining the livelihoods of women and young people.
“Through dialogue, democratic governance, and shared ownership, cooperatives set an example for peace and stability by bringing people from diverse backgrounds together on equal terms, fostering mutual understanding and respect,” he stated.
He further highlighted the empowerment of cooperative youths, stressing the importance of giving them opportunities, transferring knowledge, and ensuring diversity, equity, and equality for all.
Kamikamica praised cooperatives and MSME operators for their economic contributions, assuring them of the Government’s ongoing support in the sector.
“While your Coalition Government is focusing on improving the business environment by simplifying tax systems and compliance, it is pleasing to see an increase in landowning units forming cooperatives and engaging in joint ventures with stakeholders such as Fiji Sugar Corporation,” he said.
“This guarantees that our resources are utilized sustainably, allowing future generations to benefit, aligning with this year’s theme ‘Cooperatives Build a Better Future for All.’”
He added that the cooperative identity, values, and principles establish a robust system for achieving the Sustainable Development Goals.