Less than 5% businesses owned by the itaukei - Fiji Indigenous Business Council

Less than 5% businesses owned by the itaukei - Fiji Indigenous Business Council

By Iliana Biutu
Friday 17/05/2024
Fijian Holdings Group CEO, Jaoji Koroi and Fiji Indigenous Business Council Chairman, Ulaiasi Taoi

Less than five percent of businesses are owned by indigenous businesses in Fiji with approximately 80 companies in Fiji and the Fijian Holdings Limited board has allowed 10 percent of their capital to be invested in itaukei business.

This has been highlighted by the Fiji Indigenous Business Council Chairman, Ulaiasi Taoi during the announcement of their sponsorship with Fijian Holdings Limited where he says that the Council wants to voice the concerns of the indigenous businesses to the government, the private sector and other stakeholders.

Taoi says they believe that this was a network that was lacking in the indigenous community and the ability to communicate with other business people to develop their business.

He adds it is vital also for those who want to get into business to be honest and committed to their investment.

Fijian Holdings Group CEO, Jaoji Koroi says with the renewal of their partnership, there is hope that this will help indigenous businesses thrive and make a difference for them.

He says it also one of their mandates to increase itaukei participation in business.

Meanwhile, their first workshop on indigenous business will be held on the 29th and 30th of this month at the Harbour Point in Lami.

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