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Port Moresby
February 26, 2021
News

Lae Becoming Conducive for More Investment

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Kina Finance has relocated to a more central location in Lae’s top town to take advantage ofthe city’s growth.

The future of Lae as an industrial hub is evident inthe decision made by Kina Finance, one ofthe biggest players in Papua New Guinea#39’s financial industry to relocate to a more central location in Lae’s top town.

Regional Sales Manager, John Dickinson saysthey have relocated tothe new building (pictured) on Second Street to showtheir commitment to financial services in Lae.

Lae asthe industrial hub of Papua New Guineawill receive a total of 437.4 million kina that will go to key infrastructure such asthe Lae Ports Development project.

The roads will receive an additional 100 million kina. This meansthe second largest City in PNG’should create an environment good for business.

The forecast of Papua New Guinearsquo;s financial sector, according tothe government’s 2014 budget will include reviews to policies and practices to improverthe financial sector.

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