The Fiji National Provident Fund (FNPF) has made a significant move by acquiring a 40 percent stake in Future Farms Pte Ltd, known for its brand Rooster Poultry, for $34.28 million in May 2024. This strategic investment, highlighted in FNPF’s 2024 annual report released last week, follows thorough due diligence and aligns with the Fund’s objectives of long-term value creation for its members.

FNPF emphasized Rooster Poultry’s ambitious growth plans, including ventures into exports and product line diversification. A key investment by Rooster Poultry includes a state-of-the-art $13 million processing facility in Ba, which has dramatically expanded its processing capacity from 650,000 to an impressive 1.95 million chickens per month. This significant increase in capacity is expected to boost the company’s market share and enhance its presence in various export markets.

In addition to financial growth, the investment is indicative of FNPF’s commitment to responsible investment practices, prioritizing companies that exhibit strong corporate citizenship and environmental responsibility. Rooster Poultry is recognized for its sustainability initiatives, such as being the first solar-powered poultry operation in Fiji and actively engaging in community support, notably through major sponsorship of women’s rugby.

FNPF’s investment in Rooster Poultry represents a diversification strategy into the food and agribusiness sector, reinforcing its portfolio of high-growth assets. The Fund’s focus on sustainability and ethical governance, paired with the ambitious growth agenda of Rooster Poultry, promises considerable positive impacts on both the economy and the Fund’s investment portfolio.

This proactive approach not only solidifies FNPF’s position within the financial landscape but also underscores its dedication to delivering lasting benefits to its members through strategic investments in sustainable enterprises. The advancements made by Rooster Poultry signal a promising future for the sector, reflecting a broader trend towards responsible and impactful investing within Fiji.