Fiji’s economy is witnessing a notable transformation and recovery, bolstered by the emergence of new businesses and supportive government initiatives. The Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, highlighted this optimistic outlook, stressing the importance of fostering a business-friendly environment that enhances investor confidence and innovation.
Kamikamica acknowledged the challenges faced over recent years but expressed determination to create a dynamic private sector that supports entrepreneurship and empowers micro, small, and medium enterprises (MSMEs). He emphasized that every Fijian should have the opportunity to succeed through strategic policies that cultivate a thriving business ecosystem.
The government is strategically focusing on expanding key sectors such as agriculture, manufacturing, information technology, and renewable energy. These industries are deemed essential for driving sustainable economic growth. The message encourages local businesses to innovate and explore new markets as part of this transformative strategy.
This recent focus aligns well with earlier remarks from Kamikamica at the Fiji National University, where he spoke about the significance of a construction-led economy and the revival of tourism as pivotal to Fiji’s economic resurgence. He also noted the potential of the Namosi Hydro project to contribute significantly to this growth, alongside the need for developing the workforce through Technical and Vocational Education and Training (TVET).
Fiji’s economy shows promise, with projections indicating growth rates of approximately 3% this fiscal year, potentially rising to 4% in subsequent years, driven largely by a recovery in the tourism sector and infrastructure investments. The government’s commitment to infrastructure development and strategic investments aims to secure a resilient and inclusive economic future for all citizens.
Overall, Fiji stands at a hopeful turning point, focusing on creating a diversified and adaptive economy. With ongoing collaborative efforts among government, private sector, and civil society, the nation appears well-positioned for a prosperous and sustainable future.
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