The iTaukei Land Trust Board (TLTB) has announced the board’s approval for the creation of a holding company along with its subsidiary, aimed at launching new commercial initiatives for the organization.
The new entities’ structure was devised with the assistance of consulting firm PricewaterhouseCoopers (PwC), which provided expert guidance on optimizing TLTB’s commercial operations.
According to TLTB, the PwC report includes a comprehensive analysis covering legal, financial, and operational frameworks to ensure compliance with Fijian laws while maximizing benefits for landowners. It also emphasizes the structural flexibility that allows for strategic partnerships and future expansion into joint ventures and credit finance institutions.
Minister of iTaukei Affairs and chairman of TLTB Ifereimi Vasu described the establishment of this holding company and its subsidiary as a significant advancement for TLTB. He noted that it would facilitate the diversification of business operations, foster economic empowerment for landowners, and create new opportunities for wealth generation.
The board’s decision is in line with TLTB’s broader strategy to enhance the economic participation of iTaukei landowners. The commercial arm will operate independently from the core land administration functions of TLTB, ensuring that governance and business operations are managed effectively to reduce risks and encourage sustainable growth.
This development will support TLTB’s transition towards wider commercial activities aimed at generating sustainable income and long-term economic opportunities for iTaukei landowners. TLTB manages 91 percent of Fiji’s land on behalf of 7,747 iTaukei landowning units (yavusa, mataqali, tokatoka), leasing land to over 53,000 tenants.
It collects annual lease rentals exceeding $53 million and distributes around $100 million each year to landowners. TLTB’s new subsidiary holding company will ensure that a portion of these funds is reinvested on behalf of landowners, promoting economic empowerment and enhancing their participation in key sectors such as investment advisory, land development, and property management.