The 2019 year was marked by significant milestones for the Fund, reflecting its commitment to advancing the iTaukei and Rotuman communities. Despite challenges, including the discontinuation of a hotel project and the devastating fire that destroyed the Valenibose property, the Fund achieved positive results in various areas:
- Strategic Growth: The Fund launched its 2019-2023 Strategic Development Plan, prioritizing financial sustainability, language and cultural preservation, leadership, and human capital development.
- Financial Success: The Fund reported a gross revenue of $8.1 million and net profits of $1.4 million, driven by successful investments, including shares in RB Patel and Fijian Holdings Limited (FHL).
- Community and Educational Impact: The Fund renewed key partnerships, including with the University of the South Pacific, and supported educational initiatives, including the graduation of traditional leaders in leadership and governance.
- Cultural Preservation: With a continued focus on iTaukei language and heritage, the Fund distributed nearly 7,000 bilingual books to schools.
- Leadership Changes: The Fund appointed Mr. Aisake Taito as the permanent CEO and welcomed Mr. Meleti Bainimarama to the Board as the new Permanent Secretary for iTaukei Affairs.
Looking ahead, the Fund remains committed to its mission of supporting iTaukei and Rotuman communities, with exciting new projects and investments lined up for the future.
4o mini
You said:
another summary but for 2021
ChatGPT said:
ChatGPT
2021 Annual Report Highlights: A Year of Resilience and Innovation
2021 was a pivotal year for the Fund as it navigated challenges with resilience, focusing on community development, financial stability, and cultural preservation. Key achievements include:
- Strong Financial Performance: Despite economic challenges, the Fund reported solid revenue and continued growth across its diversified investments, which included increases in shareholdings and returns from the tourism sector.
- Educational and Community Empowerment: The Fund expanded partnerships with institutions like the University of the South Pacific, further supporting the Fijian Language Studies program and enhancing literacy in the iTaukei language with over 7,000 books distributed.
- Cultural and Leadership Development: Key programs trained traditional leaders and launched new community initiatives, with plans underway for a Culture & Arts and Commercial Centre to strengthen local engagement.
- Organizational Strengthening: A focus on human capital led to an internal review, enabling improved alignment with strategic goals for leadership, entrepreneurship, and governance.
With a steadfast dedication to the iTaukei and Rotuman communities, the Fund continues to prioritize sustainable growth, cultural initiatives, and educational opportunities that will benefit generations to come.