Government of the Republic of Fiji
Government of the Republic of Fiji
10/04/2024 | Press release | Distributed by Public on 10/04/2024 05:10
PRESIDENT KATONIVERE CELEBRATES WOMEN’S...
"There are 5,500 registered women involved in micro, small, and medium enterprise ventures. This is in addition to the 18,742 self-employed women and 4,650 women working in handicrafts."
This was highlighted by His Excellency, President Ratu Wiliame Katonivere, at the 14th South Pacific Business Development (SPBD) Foundation Day and Businesswoman of the Year Awards 2024 at the Vodafone Arena this evening (04.10.24).
Elena Tinai from Saru Centre, Lautoka won this year's SPBD Businesswoman of the Year award in recognition of her remarkable contributions.
This year's theme: "Women-Led Micro-enterprises Enriching Lives and Building Futures", is a powerful and fitting reflection of the transformative impact women are making in Fiji's socio-economic landscape.
"The holistic nature of women-led enterprises, which often focus on creating sustainable livelihoods, addressing social challenges, and nurturing the next generation, is clear."
The Head of State added that the achievements of the nominees serve as powerful reminders of the limitless potential that lies within each of us when given the right opportunities.
"Through the invaluable support of SPBD, you have been able to turn your dreams into thriving businesses. Your courage to take that first step towards financial independence is an inspiration to us all. In doing so, you have empowered yourselves and the next generation."
His Excellency noted the MSME sector contributes significantly to the national Gross Domestic Product, as well as employment generation.
"This sector comprises about 82 percent of registered businesses, emphasising its role in Fiji's economic structure. With over 30,000 registered MSMEs, the sector is seen as the backbone of the economy, driving growth, fostering innovation, and encouraging diversification, particularly in rural areas."
This aligns with the Ministry of Trade, Cooperatives, Small and Medium Enterprises, and Communications' intention of expanding its mandate to include micro-enterprises in January 2024, with the inclusion of "micro" taking place in August this year.
"This addition aimed to enhance support for micro, small, and medium enterprises, acknowledging their critical role in the creation of employment and economic development. SPBD is very much a part of the micro-enterprise sector."
President Katonivere congratulated SPBD for reaching the remarkable milestone of FJ$100 million in loan disbursements this year.
"It is heartening to know that our very own Fiji Development Bank partially funds this unprecedented accomplishment."
This was highlighted by His Excellency, President Ratu Wiliame Katonivere, at the 14th South Pacific Business Development (SPBD) Foundation Day and Businesswoman of the Year Awards 2024 at the Vodafone Arena this evening (04.10.24).
Elena Tinai from Saru Centre, Lautoka won this year's SPBD Businesswoman of the Year award in recognition of her remarkable contributions.
This year's theme: "Women-Led Micro-enterprises Enriching Lives and Building Futures", is a powerful and fitting reflection of the transformative impact women are making in Fiji's socio-economic landscape.
"The holistic nature of women-led enterprises, which often focus on creating sustainable livelihoods, addressing social challenges, and nurturing the next generation, is clear."
The Head of State added that the achievements of the nominees serve as powerful reminders of the limitless potential that lies within each of us when given the right opportunities.
"Through the invaluable support of SPBD, you have been able to turn your dreams into thriving businesses. Your courage to take that first step towards financial independence is an inspiration to us all. In doing so, you have empowered yourselves and the next generation."
His Excellency noted the MSME sector contributes significantly to the national Gross Domestic Product, as well as employment generation.
"This sector comprises about 82 percent of registered businesses, emphasising its role in Fiji's economic structure. With over 30,000 registered MSMEs, the sector is seen as the backbone of the economy, driving growth, fostering innovation, and encouraging diversification, particularly in rural areas."
This aligns with the Ministry of Trade, Cooperatives, Small and Medium Enterprises, and Communications' intention of expanding its mandate to include micro-enterprises in January 2024, with the inclusion of "micro" taking place in August this year.
"This addition aimed to enhance support for micro, small, and medium enterprises, acknowledging their critical role in the creation of employment and economic development. SPBD is very much a part of the micro-enterprise sector."
President Katonivere congratulated SPBD for reaching the remarkable milestone of FJ$100 million in loan disbursements this year.
"It is heartening to know that our very own Fiji Development Bank partially funds this unprecedented accomplishment."