Development bank to spend K8.8mil on Tari office

Business

THE National Development Bank will have an office built at Tari, in Hela, at a cost of K8.8 million.
It recently signed an agreement with the Tari-Pori Development Corporation and the Hela government to set up a branch there.
Bank managing director Moses Liu said the building would be transferred to the Hela government and Tari-Pori district after 10 years.
“This facility is important to meet the growing demand of small to medium-sized enterprises (SME) in the province and I am sure the people of Hela will appreciate the value it carries in the long run,” Liu said.
“NDB’s corporate commitment to the communities is about enhancing business growth and development in a viable and sustainable manner.
“Part of its commitment is to drive infrastructure and development to strengthen its core operations in a cost-effective approach to better improve the delivery of its financial services to the rural bulk of the population.”
Hela Governor Philip Undialu said Hela had the potential to develope SMEs and the NDB branch provided financial services to the people.
Finance Minister James Marape said the project would benefit the people of Hela by creating business and employment.

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