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Port Moresby
May 18, 2021
Islands News

IPA: AROB Has High Business Opportunities

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The Civil War on Bougainville in the late 80s and early 90s caused a halt to many services, and a lack of information reaching the people.

Now, with services improving in the Autonomous Region of Bougainville, the Investment Promotion Authority (IPA) is seeing the need to assist individuals engaged in small business.

Recently the IPA team led by Director of Investor Services and Promotion Division, Clarence Hoot, and Registrar of Companies, Alex Tongayu, conducted a workshop in Buka.

During the Chocolate Festival in Buin and Arawa, people were educated on IPA’s investment promotion roles and also the business registration processes and requirements.

The Buka workshop engaged individuals, business houses and other stakeholders, such as PNG Customs and SME Corporation, discussed issues that affect good business practices.

“Information is vital and must reach the people,” Hoot said.

Hoot also pointed out the need for government agencies to undertake more awareness in the autonomous region.

Bougainville has many business opportunities which the Investment Promotion Authority will assist to ensure individuals are engaged in businesses to drive the region’s economic stability.

“We must continue to share the information we have to help with the rehabilitation and progress of Bougainville into the referendum come 2019,” Hoot said.

The IPA has realised there is increasing economic activities and high potential business opportunities in the Autonomous Region of Bougainville.

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