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Two new partners join Market for Village Farmers Project

Two new partners in the Market for Village Farmers (MVF) Project have been encouraged to change the mindset of farming communities driven by farming activities.

CEFI’s Executive Director Mr. Saliya Ranasinghe said this during MoU signings between CEFI and Gentrade Consultancy Services and Southern Consultancy (Enterprising) Services on May 08.

“You are very important partners in this endeavor and I want to reiterate that you have to maintain very high standards and deliver the quality service,” Mr. Ranasinghe said.

“Change the mindset of the people in your community and the change will come through opening of a bank account or submitting a loan proposal to a bank,” Mr. Ranasinghe told the owners of the two consultancy services providers.

Mr. Ranasinghe emphasized the MVF project as one of CEFI’s key initiatives and partners adding it was a unique agriculture project that aimed to get the banks involved in agriculture lending with the focus on value chain of the fresh produce sector.

The MoU agreement is for Village Farmers Livelihood Improvement Training under MVF project and is funded by International Food Agency Development Authority and executed by Department of Agriculture and Livestock and Implemented by Fresh Produce Development Authority.

The MoU aims to improve the livelihoods of village farming households in target provinces and by facilitating the transition from semi-subsistence agriculture to market oriented production and farming as a business.

The project’s target provinces are Western Highlands, Jiwaka, Simbu, Eastern Highlands, Morobe and East New Britain.

Gentrade Consultatncy Services and Southern Consultancy (Enterprising) Services as part of their engagement will provide the following deliverables;

-Provide qualified male and female trainers (10 each)

-Ensure selected trainers fully participate in the Village Farmers Livelihood Improvement (VFLI) ToT Training and are certified

-Provide VFLI training

-Plan and coordinate movements of trainers and provide reports

MVF Project Manager, Mr. Joe Koima, who was present to witness the signing, thanked CEFI for the continued partnership  and added that training the farmers is key to developing the fresh produce sector.

“This partnership between the lead partners is important because the ratio between trainers to farmers is very low. This partnership with CEFI through the training partners will increase the ratio leading to more outreach in financial inclusion trainers,” Mr. Koima said.

Mr. Koima encouraged CEFI to increase its financial literacy programs in the near future to cover more centers in the country as this provides the leverage for development.

Mr. Wesley Lopele, Gentrade Consultancy Services and and Mr. Tony Walega, Southern Enterprises Services, both thanked CEFI for the opportunity to be engaged as training partners in the MVF project.

“We (Southern Enterprises Services) are looking forward to working with CEFI and MVF and are eager to make our involvement a success,” Mr Walega said.

“We have been waiting for this opportunity and thank CEFI for choosing us on merit as one of the training partners for this project,” added Mr. Lopele of Gentrade Consultancy Services.

 

Photo caption: CEFI Executive Director Mr. Saliya Ranasinghe (middle) signing the MoU document with the two new partners in MVF Project.

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Papua New Guineans to be educated in stock markets following MoU signing between CEFI and Securities Commission PNG

Papua New Guineans will be educated on investing in stock markets following a Memorandum of Understanding (MoU) signing between CEFI and Securities Commission of PNG (SCPNG).

The lack of knowledge in this area has seen many Papua New Guinean’s making unwise decision to invest in ponzi schemes and throwing away their hard earned money to this schemers who make a quick return from unsuspecting financial illiterate customers.

The need to educate Papua New Guineans on making real investments in stock equity markets has urged SCPNG to embark on this journey.

The SCPNG Acting Chairman Mr. Joshua James and CEFI Executive Director Mr. Saliya Ranasinghe signed the MoU on Wednesday May 08, which will see both organizations working in collaboration and partnership in carrying out the programs initiated by CEFI.

The programs include, Young Minds Savings Campaign, Provincial Government Engagement Program, Training of Trainers to train investor and Development of Capital Marketing Modules.

“We (SCPNG) want to drive this concept to the schools and partner with CEFI and invest in the education program so that schools are able to teach the young children about investing and making the right choices,” said Mr. James Joshua, SCPNG Acting Chairman.

“We also need to drive that out to the public and make them clear on which are the right avenues to invest and get a real return out of it.

“That is our agenda that we want to expand the investment options and investment tools that are currently on our market.

“Thank you CEFI, we need partners like you to drive the agenda forward,” Mr. Joshua added.

Mr. Ranasinghe thanked SCPNG for coming onboard and agreeing to terms of the MoU, which he said highlighted the importance of their partnership which is to implement the programs.

“People need to be educated in investment and we are looking forward to working with you (SCPNG) to develop a training module and deliver to the people of this country,” Mr. Ranasinghe added.

The MoU will run for three years from May 8 2024 to May 08 2027.

 

Photo caption: CEFI Executive Director Mr. Saliya Ranasinghe (left) and SCPNG Acting Chairman Mr. Joshua James signing the MoU.

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