Wau-Waria District Boosts Local Economy with K62,000 Financial Support to Enterprises

Media Release

For Immediate Release (17th July, 2024)

Wau-Waria District Announces Financial Support for Local Enterprises

(K12,000 Assistance to PNG Solardry Limited for Packaging Costs & K50,000 to Morobe Investment Holdings Limited) Hon. Marsh Narewec, Open Member of Parliament for Wau-Waria, is pleased to announce financial support totaling K62,000 to bolster local enterprises. This support includes a K12,000 assistance to PNG

Solardry Limited for packaging expenses and a K50,000 investment in Morobe Investment Holdings Limited, a new Morobe start-up company.

K12,000 to PNG Solardry Limited

PNG Solardry Limited, dedicated to the downstream processing of Cocoa and Coffee, sources its coffee from Kwembu village in Biangai, Wau-Waria District. The K12,000 assistance will help cover packaging expenses, enabling the company to enhance its market presence and add value to local commodities. Hon. Marsh Narewec emphasized, "Supporting local businesses in downstream processing like PNG Solardry Limited ensures that the economic benefits of our resources are retained within our community, promoting sustainable growth and development."

K50,000 to Morobe Investment Holdings Limited

Morobe Investment Holdings Limited, a start-up which will be 100% owned by the people of Morobe and is aimed at securing contracts in the Wafi Golpu and other projects in Morobe, will receive K50,000 to support its establishment. This investment marks the beginning of Wau-Waria District's initiative to invest in Morobe owned businesses and invites other District Development Authorities (DDAs), Local Level Governments (LLGs), Morobe-owned SMEs, Cooperative Societies, and the Morobe Provincial Government (MPG) to invest. "This investment represents a strategic move to empower local enterprises and ensure that the economic opportunities from major projects like Wafi Golpu benefit our local communities in Morobe Province," said Hon. Narewec. For more information, please contact my Executive Officer, Mr Hercules Jim on Hercules.jim@wauwaria.gov.pg or +675 7277 4308

Endorsed By:

Hon. Marsh Narewec, MP

Member for Wau Waria Open

Chairman -Special Parliamentary Committee on Communications

Chairman - Citizenship Advisory Committee

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