Fijian Holdings Limited (FHL) is on track to exceed $1 billion in total assets by 2026, marking a major milestone in its expansion. This announcement came during the inauguration of the new FHL Tower in Suva, attended by Prime Minister Sitiveni Rabuka, who emphasized that this growth represents more than just financial success—it embodies a long-held vision of encouraging the iTaukei people’s active involvement in Fiji’s economy.
Rabuka remarked, “This is more than a building or a balance sheet milestone. It’s proof that when vision and perseverance meet, local leadership can achieve world-class results.”
Since its inception in 1984, FHL has championed iTaukei ownership in critical sectors, showcasing four decades of consistent growth. Rokoseru Nabalarua, the company’s board chairman, noted that this achievement signifies significant progress for indigenous entrepreneurship within the corporate landscape, asserting, “This growth is not just about size. It’s about capacity—the ability of iTaukei enterprise to compete, innovate, and lead.”
Despite facing numerous challenges, such as the COVID-19 pandemic and global supply chain issues, FHL has managed to maintain profitability. The company is now shifting its focus toward regional investments and digital transformation, seeking to reshape Fiji’s economic narrative.
Additionally, FHL’s actions reflect its commitment to uplifting the community. The firm previously unveiled a robust property portfolio valued at $183 million, highlighting its investments in vital buildings and properties aimed at enhancing local economic participation. Moreover, FHL is advancing its $50 million impact investment initiative designed to empower iTaukei resource owners through various joint ventures across the region.
With a diversified portfolio that includes finance, tourism, retail, and media, FHL stands as one of Fiji’s most influential investment firms. Its ongoing dedication to creating economic opportunities for iTaukei communities signals a positive outlook for both the organization and the wider local economy.
As FHL progresses, its strategic investments in infrastructure, combined with a strong emphasis on social responsibility, not only promise to accelerate financial growth but also to foster community empowerment. This approach paves the way for sustainable development and collaboration across various sectors in Fiji, facilitating a brighter future for all involved.