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New Zealand provides further support to build Tonga’s Business Sector

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New Zealand provides further support to build Tonga’s Business Sector

10 May 2011. 

The New Zealand Government and the Tonga Chamber of Commerce and Industry have signed a further agreement to provide program support funding for Tongan businesses through the Tonga Business Enterprise Centre.

The $677,944 TOP provides for the delivery of TBEC's Private Sector Training Program (PSTP) which delivers training in the key areas of business and financial management, customer service, communication and various other key needs areas and the ongoing Business Opportunity Support Scheme (BOSS).

The Government of New Zealand was represented by Dominic Walton-France, while TTCI was represented by Paula Taumoepeau. This was Paula Taumoepeau's last official duty before the Annual General Meeting which was held later that evening.

He was stepping down from his role as President of the Tonga Chamber of Commerce and Industry at the AGM, having served the maximum allowable three terms in the position.

He stated that he was excited to be signing this additional funding agreement, adding that "it shows how far the TCCI has come in the last five years and as a result of its good work with private sector, more partners such as the New Zealand Government are looking to support TCCI to play a leadership role in helping develop Tongan business".

Two key programs have been made available to Tonga businesses through this funding.

The Business Opportunity Support Scheme (BOSS) now managed by TBEC will provide grants to help entrepreneurs and investors conduct feasibility studies to quantify business and investment opportunities. This aims to encourage commercial investment in projects or business plans that will increase earnings from Tongan exports, import substitution and tourism.

The Private Sector Training Program (PSTP) is established to support Tongan businesses by building the management, financial and work skills of private sector employees and management. Participants in the training will be personnel, supervisors and managers employed within the private sector. The role of the PSTP is to provide skills to individuals to increase their service and technical contribution to the workplace. THE PSTP has scheduled in excess of 30 training programs for 2011.

For more information on TBEC's assistance to Tongan businesses contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call +676 25-168/28-707

ENDS

Issued by the: Tonga Business Enterprises Centre (TBEC), Nuku'alofa, 2011

Last Updated ( Saturday, 23 July 2011 00:43 )  

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