Micro Small & Medium Enterprises (MSMEs)

Green finance policy launched

The ceremony was presided over by Prime Minister James Marape, who encouraged government departments, state-owned enterprises, financial institutions, and MSMEs to collaborate and utilize this policy as a foundation for building a green business economy.

In his address, the Prime Minister stated, “We celebrate the establishment of the Green Finance Policy by the Bank of PNG, which I believe is the first of many steps toward transitioning Papua New Guinea from a high-carbon economy to a sustainable and blue economy."

Fund Focus On Empowerment

The Food and Agriculture Organization of the United Nations (FAO) under the EU-STREIT PNG Programme facilitated this meeting.

Many entrepreneurs in the awareness meetings expressed their interest in this opportunity that is available to women and men agripreneurs and agri-food value chain actors in the Greater Sepik region.

BAT PNG funds MSME training

The funding will be channelled through a practical results-based training conducted by Human Development Institute (HDI) suited to the PNG context.    

On May 15th BAT PNG and HDI signed an agreement in Port Moresby to formlly begin the training program which focuses on basic financial management and personal viability. 

Affordable cloud-based accounting services

This was one of the key takeaways from the Cloud Based Accounting Practice Workshop held recently in Port Moresby.

The workshop aims to help local accounting and financial management services to better their client service using cloud-based accounting systems.

The workshop held on December 4th aims to offer solutions specifically for MSME businesses’ budget by alleviating an increasing administrative burden and giving business owners the necessary insights to run their businesses more successfully.