Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, has announced that Fiji’s Cooperatives possess assets worth $151 million ($US 66.2 million), generate $26 million in revenue, and have profits amounting to $2.5 million.
Speaking at the International Day of Cooperatives in Labasa, Kamikamica highlighted the significant role cooperatives play in national development, particularly their impact on sustaining livelihoods for women and young people.
“Through dialogue, democratic governance, and shared ownership, cooperatives set an example for peace and stability, bringing people from diverse backgrounds together on equal terms, fostering mutual understanding and respect,” Kamikamica said.
He emphasized the importance of empowering cooperative youth by offering them opportunities, transferring knowledge, and ensuring diversity, equity, and equality for all.
Kamikamica praised cooperatives and Micro, Small, and Medium Enterprises (MSMEs) for their economic contributions and assured them of Government’s continued support.
“While your Coalition Government is focusing on improving the business environment, such as simplifying tax systems and compliance, it is pleasing to see an increase in land-owning units forming cooperatives and engaging in joint ventures with stakeholders such as Fiji Sugar Corporation,” he noted.
“This ensures that our resources are used sustainably, benefiting future generations and aligning with this year’s theme, ‘Cooperatives Build a Better Future for All.’”
Kamikamica further added that the cooperative identity, values, and principles provide a robust framework for achieving the Sustainable Development Goals.