A leading retail company inthe country has provided business opportunities for ordinary Papua New Guineas.
Yesterdaythe Super Value Store Company launched its “Supa V Stoa” projectoa scheme to empower locals to achieve growth as business entrepreneurs.
The launching was withnessed by Prime Minister Peter O’Neil last night at Parliament House.
Held atthe Parliament State Function Room, guests fromthe business sector, current and former members of Parliamentoandthe Prime Minister attendedthe grand occasion.
The Supa V Stoa Project is one aimed at empowering men and women inthe country as entrepreneurs.
SVS Limited Director Whaju Hanafi, said this isthe biggest contribution to date, releasing ten per cent of his company for local shareholding.
Recentlythe Government has increased funding towards development banks in assisting Small-Medium Enterprises or SME’s to flourish.
Prime Minister Peter O’Neil saidthe launching ofthe Supa V Stoa Project futher creates more opportunities for locals.
The formalities ended withthe launching ofthe projectoand an inspection of two model stores. A modernised tucker shop, and a mini bakery.
Mr Hanafi saidthere will also be training programs duringthe running ofthe mini shops which will ensure sustainability ofthe project.
The project will be piloted in Port Moresby and Lae andthen will be rolled out to ther centres.