Native Land Board Signs Stock Exchange MOU

Oct. 3, 2017, 6:28 a.m.


Efforts to boost the participation of native land owning units in Fiji’s stock market has resulted in the signing of an MOU between the I Taukei Land Trust Board and the South Pacific Stock Exchange.

The memorandum will involve the joint formulation and implementation of an annual investment literacy plan of activities and information-sharing sessions between TLTB and SPSE personnel.

“Our officers in the Landowning Affairs Unit (LAU) have been conducting financial literacy training for landowners, and through this MOU, TLTB will be well-equipped to create awareness and improve landowners’ understanding on investment opportunities that are available in Fiji’s stock market,” said TLTB member, Ro Epeli Mataitini.

SPSE chairperson, Dr Nur Bano Ali, said the partnership marked an important milestone in their investor education agenda, with SPSE CEO, Latileta Qoro adding that it would bring long-term value.

“The MOU priority is to ensure that land owning units become informed investors who are able to confidently make sound investment decisions,” Ms Qoro highlighted.

She said they anticipated an increasing development and availability of information and materials in the native Fijian language with TLTB, particularly its Landowning Affairs Unit.