Business

FICL calls for EOI for new investments

August 19, 2022 3:00 pm

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The Fiji Investment Corporation Limited is inviting interested locally owned entities to submit an expression of interest for investment.

FICL, which acts as a catalyst for domestic investment, is now looking for new investments to meet this objective.

The investments may be through providing seed capital for start-up ventures, development capital for existing ventures requiring additional expansion of funds, and capital to continue to assist in the development stage of projector contingency guarantees.

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The government has provided stimulus in the 2022-23 budget to assist in taking these investments/companies to new heights.

FICL is open to submissions of investment proposals from $100,000 to one million dollars.

This comes as the FICL Board has appointed Rowena Fong as General Manager.

Board Chair, Doctor Nur Bano Ali says Fong 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.