After the successful launches of sustainable small businesses in Vanuatu and Samoa, a donor-funded private sector initiative is preparing to expand into Papua New Guinea. Anna Moegerlein from Melbourne’s The Difference Incubator explains the initiative to Business Advantage PNG.
Copper has weakened, but oil and gas prices are showing strength. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Horticulture is one of Papua New Guinea’s most prospective industries. Nalau Bingeding reports on a grassroots enterprise that has the potential to grow in PNG.
Bonapas Onguglo has been working as a trade analyst at the United Nations Conference on Trade and Development (UNCTAD) since 1984, advising African governments how to expand their economies. He sees new opportunities in agribusiness and the ‘ocean economy’.
Establishing a business on a Papua New Guinea island is a difficult challenge. But Robert Critchley, owner of cocoa and copra supplier, Sankamap Exports, describes how it can be done.
Papua New Guinea agribusiness Mainland Holdings is launching into new agricultural sectors to reduce its reliance on imports. Chief Executive David Alcock told the Australia Papua New Guinea Business Forum that the company intends to grow sorghum and soya beans to use as stockfeed in partnership with local farmers.
PNG was the second-largest global grower of vanilla last year, producing about 250 metric tonnes, but leading processor and exporter, Paradise Spices, is calling for regulation of the sector to resolve supply and quality issues. Karina Makori, the company’s General Manager tells Business Advantage PNG inflated prices have halted production of vanilla products for the past nine months.
The Governor of the Bank of Papua New Guinea has called for a national plan to make the country self-sufficient in food production, with capacity for export. Loi Bakani outlined his proposal at last month’s National Planning Consultative Summit in Lae.
Oil prices are up and copper is also strong, but LNG has weakened. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Access to land is preventing New Britain Palm Oil from expanding its beef and palm oil production businesses. PNG Country Manager Robert Nilkare tells Business Advantage PNG, there is a need to develop more agriculture leases in Papua New Guinea.