BY SAMIE WAIKORI
The Government for National Unity and Transformation (GNUT), through the Ministry of Agriculture and Livestock (MAL), has launched a SBD$2.26 million revolving fund to support the cocoa and coconut industries across the country.
The initiative reflects the GNUT government’s strong commitment to strengthening the agriculture sector and improving rural livelihoods.
Speaking at a recent press conference, Prime Minister Jeremiah Manele reaffirmed his government’s dedication to empowering local farmers and traders, enhancing the quality and competitiveness of Solomon Islands’ cocoa and coconut products.
He said the fund is designed to boost export volumes while contributing to the nation’s economic diversification and sustainable development goals.
“As part of this commitment, the Ministry of Agriculture and Livestock has launched a $2.26 million revolving fund to support traders involved in the cocoa and coconut industries,” PM Manele said.
“This initiative is a key element of our broader strategy to stimulate agricultural exports and empower rural communities.
“The fund has been allocated to 57 successful applicants across all nine provinces, including cocoa and copra buyers, exporters, and transport service providers—ensuring support at every stage of the value chain, from production to market,” he said.
The Prime Minister explained that the fund operates as a soft loan with minimal interest. Recipients are expected to repay the principal amount within a set timeframe, ensuring the sustainability of the program for future beneficiaries.
“This approach ensures the fund continues to support more farmers and agribusinesses in the years to come,” he added.
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