THE Fiji Development Bank (FDB) has officially launched the 2025 FDB National Small and Medium Enterprise Awards, reaffirming its commitment to supporting inclusive and sustainable economic growth across Fiji by empowering micro, small and medium enterprises (MSMEs).
Speaking at the launch, FDB chief executive officer Filimone Waqabaca said MSMEs represent the diversity, resilience and potentials of Fiji—from farmers and agri-processors to tourism operators, manufacturers and digital entrepreneurs.
He said MSMEs employ approximately 60 per cent of Fiji’s workforce and contribute around 18 percent to the country’s GDP.
Mr Waqabaca said the bank reported significant contributions to MSME growth in its 2025 financial year.
“Fifty-four per cent of loan disbursements were directed to rural areas, with 46 per cent in urban areas.
“MSMEs accounted for more than 90 per cent of total portfolio accounts, with nearly 30 per cent held by women and 15 per cent by youth,” he said.
“Over 80 per cent of loans supported priority sectors such as agriculture, manufacturing, construction, transport and tourism, contributing directly to job creation and economic resilience across the country.”
The 2025 theme, “Ignite. Innovate. Inspire.”, reflects both the journey of SMEs and the vision for Fiji’s future.
The Awards are open to businesses at all stages—from early startups to established enterprises.
“Through these Awards, we aim to highlight businesses adopting new technologies, creating value-added products, improving sustainability, and expanding into new markets,” Mr Waqabaca said.
He said a key addition to this year’s program is the introduction of a Market Day initiative, providing MSMEs with a platform to showcase and sell their products directly to the public.
This initiative is designed to enhance visibility, customer engagement and market access, complementing the recognition aspect of the Awards.
FDB also announced a significant milestone investment with the full ownership of Tanoa Apartments in Votualevu, Nadi.
This move reflects the Bank’s strategy to strengthen its asset base, diversify its investment portfolio and support the growth of Fiji’s hospitality and tourism sector.
“This investment demonstrates confidence in one of Fiji’s key economic drivers and positions the Bank to generate stable returns that can be reinvested into national development priorities,” Mr Waqabaca said.
Aligned with the International Women’s FDB Market Day announcement made earlier this year regarding the pre-approved $1000 unsecured Women Entrepreneur Loan, the Bank extended this opportunity to new women entrepreneur vendors present yesterday who may have missed out previously, subject to the Bank’s standard credit assessment, to further support their business ventures.
FDB is encouraging all SMEs across Fiji to apply for the FDB 2025 National SME Awards.
“This is an opportunity to showcase achievements, gain national recognition, connect with partners, and contribute to shaping Fiji’s economic future,” Mr Waqabaca said.
He also acknowledged the ongoing support and collaboration of key stakeholders, including the Reserve Bank of Fiji, the Fiji Government, the Ministry of Commerce and Business Development and various development partners in strengthening the SME ecosystem.
