The iTaukei Land Trust Board (TLTB) has announced the creation of a Holding Company and its subsidiary to manage new commercial ventures, as highlighted in their 463rd Board Meeting on September 19, 2024.
The Board aims to enhance economic participation across key sectors, including investment advisory, land development, and property management. This initiative seeks to empower iTaukei landowners by facilitating commercial opportunities and generating sustainable income.
The establishment of these entities was developed in partnership with PricewaterhouseCoopers, which assisted with legal, financial, and operational compliance. Their report suggests a flexible structure that accommodates strategic partnerships and potential expansion into joint ventures and credit finance institutions.
Ifereimi Vasu, the Minister of iTaukei Affairs and TLTB Chairman, emphasized that launching the Holding Company is a vital move toward diversifying business operations and fostering economic empowerment for landowners. The newly established commercial arm will function independently from TLTB’s land administration roles, ensuring effective governance and risk management while promoting sustainable growth.
For further inquiries, the public can reach out to Salimoni Karusi, Board Secretary, at 9995885.