Locally-owned owned entities interested in investing in the country are being invited to send their expression of interest to the Fiji Investment Corporation Ltd (FICL).
The private limited liability company, wholly owned by the Fijian Government was re-established under the Ministry of Commerce, Trade, Tourism and Transport and the Ministry of Economy incorporated in November 2002.
FICL chairperson Dr Nur Bano Ali said the company was open for business and welcomed interested eligible entities to contact them and submit an investment proposal as per its terms of reference.
“If the FICL decides to proceed with one of the proposed projects, there will be a separate due diligence approval process,” she said.
Dr Ali said FICL was open to submissions of investments proposals from $F100,000 to $F1million and those interested could be able to get further information on request via email ficl.eoi2022@gmail.com.
In a statement issued yesterday, Dr Ali said the FICL, which acted as a catalyst for domestic investment, was now looking for new investments to meet this objective.
She said these investments may be through providing seed capital for start-up ventures, development capital for existing ventures requiring additional expansion of funds, capital to continue to assist in the development stage of a project or contingency guarantees.
The board also announced the appointment of Rowena Fong as general manager FICL.
“Rowena brings a wealth of experience to her new role of providing diverse leadership in the planning and implementation of the role and objectives of FICL.
“She has a Master’s in Business Administration, Graduate Certificate in Applied Finance and Investment and a Bachelor of Arts in Management & Public Administration and Information Systems. Rowena was previously with the Fijian Holdings Group for over a decade where she held various leadership roles in Finance, Properties, Fund Management and Stockbroking industries.
“She is also currently a Director of the South Pacific Stock Exchange.
“We warmly welcome Rowena on board and look forward to her contribution towards achieving the objectives of FICL,” said Dr Ali.
“I am honoured to be tasked with such a vital role. My immediate focus will be to address administrative and establishment objectives, develop policy and strategies for operations and growth of the FICL portfolio. I look forward to working closely with the Board, investment partners and key stakeholders to develop and implement the plans that will contribute to the elevation of investment levels in Fiji,” said Ms Fong.
