Investing in fisheries and ecotourism presents significant opportunities for economic growth in Malaita Province.
This initiative would involve local farmers, men, youth, and women entrepreneurs, contributing to a more sustainable and expanded economy.
Malaita Province Premier Elijah Asilaua emphasized the importance of these sectors during his recent speech at the Provincial Assembly in Auki.
He stated that investments in fisheries and ecotourism could generate employment and income, particularly in proposed economic growth centers such as Bina Harbor, Sauva Bay, Liwe Industrial Park, Hanoa Economic Growth Center, and the Malaita Outer Islands Fisheries Economic Center.
Premier Asilaua highlighted that these investments would stimulate economic growth by creating economies of scale linked to the commercial value chain.
“In the fisheries sector, we see opportunities in niche markets for seaweed, bêche-de-mer, mud crabs, and fish,” he noted.
Additionally, he explained that these initiatives would contribute to broadening the province’s economic base by formalizing the informal sector and promoting sustainable growth. This transition would facilitate mass production, increase productivity, and improve income levels.
Moreover, the Premier pointed out that this development would enhance access to public and business services, including training, market infrastructure, and financial services through the proposed Small and Medium Enterprise (SME) Bank.
The Malaita Provincial Government has already approved the establishment of an SME platform, which is set to launch soon in collaboration with the Ministry of Commerce, Industry, Labour, and Immigration.
Premier Asilaua expressed confidence that, over time, this initiative would attract investments from interested partners and foster the growth of SMEs, further strengthening the province’s economy.
By SOLOMON LOFANA
Solomon Star, Auki
