WESTPAC will undertake its largest Pacific investment in over a decade in its 2026 financial year.
This was relayed to Minister for Trade Manoa Kamikamica while in an official visit to Australia last week.
While there, Mr Kamikamica met with Westpac Group head of Business & Wealth Paul Fowler and senior executives of the bank to discuss strengthening economic cooperation and expanding investment opportunities in Fiji.
“Westpac reaffirmed that it will undertake its largest Pacific investment in over a decade in the 2026 financial year, with significant upgrades planned for its core banking systems over the next 12 to 18 months,” the Trade Ministry reported of the meeting.
“These improvements are designed to enhance customer experience, operational efficiency, and digital banking capabilities across Fiji and the wider region.
“The bank emphasised its long-term vision to build a stronger and more profitable presence in Fiji and Papua New Guinea, positioning itself as a key development partner in the Pacific.”
The bank also indicated an interest in supporting large-scale commercial agriculture ventures, including beef and dairy revitalisation projects, to drive import replacement and expand export potential and acknowledged Fiji’s emerging role as a digital hub, with improved connectivity and strong ICT incentives creating new opportunities in business process outsourcing (BPO) and cybersecurity services.
“Deputy Prime Minister Kamikamica welcomed Westpac’s renewed focus and highlighted the importance of partnerships that align with Fiji’s broader development vision — one centered on inclusive growth, sustainability, and digital transformation,” the Trade Ministry stated.
“He commended Westpac’s continued confidence in Fiji’s economy and reaffirmed the government’s commitment to creating an enabling environment for private sector investment.”
