New organisation for indigenous business in PNG | Pacific Beat

New organisation for indigenous business in PNG

New organisation for indigenous business in PNG

Updated 21 January 2013, 18:36 AEST

In Papua New Guinea, a new business organisation has been launched to advocate for the needs of indigenous business-people.

There are hundreds of thousands of indigenous-businesspeople in PNG working in the formal and the informal sector.

But in the formal sector, where most of the money is to be made, 90 per cent of businesses are owned by foreigners.

That is something the new Indigenous Business Council wants to change.

Sarah Haoda Todd, the Westpac PNG Businesswoman of the Year for 2011, is Indigenous Business Council's secretary.

She told Jemima Garrett indigenous business has a positive impact on family and community and could do much more.

Presenter: Jemima Garrett

Speaker: Sarah Haoda Todd, secretary of PNG's new Indigenous Business Council

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