Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Te Rarawa to hold Summit Hui on Iwi Investments

Te Rarawa to hold Summit Hui on Iwi Investments

Exploring iwi investment opportunities is one of the many development initiatives Te Rarawa will focus on at the Iwi Summit hui to be held in Kaitaia from the 22nd-24th November, 2012.

The summit will look for direction on an investment strategy to build a solid financial foundation for the future of Te Rarawa descendants that will create employment opportunities and protect iwi and hapu resources. Directors of the Te Rarawa asset holding company, Te Waka Pupuri Putea, will provide strategic investment advice for the iwi as they consider a number of key priorities for development.

Deloitte's Partner and Te Waka Pupuri Putea director Leon Wijohn says, "One of the messages we're getting loud and strong from the marae delegates is that everything we invest in has to be done using strong relationships our marae communities and people, so that we're all moving in the same direction as one."

One of the investment priorities we've already spoken about will focus on building a 'Te Rarawa economy', to create employment opportunities and iwi, hapu and whanau based business development.

"There is some really good learning from within New Zealand and overseas where organisations invest in developing their own people, through education and innovation hubs, where skills and ideas can be nurtured into new business creation," adds Wijohn.

"We have to look well into the future, but have a 5, 10, 15 year plan so that we can make the investments now to ensure our people and iwi business are ready to take up the future opportunities that will emerge from our investments."

Another area of focus for Te Waka Pupuri Putea is to secure the resources to protect them for the future. The money that Te Rarawa will initially receive as part of their settlement will be held in secure short term deposits to allow time for a thorough development of investment options and business cases. "It's important that these resources are parked up in safe way while we go through this planning process; talking with our people and undertaking research and development of the various investment options available to us."

Iwi Chair Haami Piripi agrees that the settlement contains intergenerational resources which must be protected and nurtured for the mokopuna that are yet to be born.

In the agriculture sector Te Rarawa has a substantial land base and established farming communities and businesses. "It would therefore make sense to invest and expand in the area of land use which includes agriculture, horticulture and silviculture." says Piripi.

"This doesn't mean that the investment only sits at a local level. These primary industries are interconnected with a number of support industries and other high end niche marketing opportunities, some of them worldwide. We need to explore other opportunities in the supply chain to markets which may involve joint venture agreements with other iwi or business partners."

"The essential key to all our business arrangement is connectivity, between us as Te Rarawa members and our stakeholders and business partners. With the addition of the ultrafast broadband network which we've already invested in, we'll be able to amplify our current investments in primary productions, as well as potentially creating new opportunities in areas like ecotourism, data management and remote customer service centres." says Piripi.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Relevant Consents Gained: Government Unveils RMA Reform Package

The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180-page Resource Legislation Amendment Bill containing reforms that have been largely endorsed by most political parties. More>>


Closing Schools And Such: Interim Redcliffs Decision Announced

“While the school’s board has argued that circumstances that could give rise to potential disruption are extremely unlikely, advice from technical experts has shown these concerns cannot be ruled out." More>>


Jane Kelsey: High Court Can’t Make Groser Provide TPPA Information Faster

‘This week we went back to court to challenge Trade Minister Groser’s stalling tactics over the release of information on the Trans-Pacific Partnership Agreement negotiations, following a High Court order that he reconsider the Official Information Act request I made last January’, said University of Auckland law professor Jane Kelsey, first applicant in the case. More>>

Werewolf 58: No Climate For Change

The last time the global community tried to take collective action on climate change the world’s leaders finally came to agree that every not-too-onerous effort should be made to hold global warming to 2°C above the pre-industrial average. At Paris, all 150 participant countries nations will have put forward their pledges... On the information available, New Zealand's is the second weakest contribution of any nation in the developed world. More>>


Lambton Quay Shutdown: Object Was Made To Look Like Bomb

Police cordoned off part of Lambton Quay Wednesday afternoon, saying that a suspicious package had been found. Buildings were evacuated and buses were detoured. The army’s explosive ordnance disposal unit was brought to the Quay. More>>


Public Sector Still Shrinking: Record Low Number Of 'Backroom Bureaucrats'

Ongoing restraint in the public sector and a focus on better frontline services has seen a further reduction in the number of core Government employees, State Services Minister Paula Bennett says. More>>


Disobeying The Law: Police Censorship Of Crime Research “An Outrage”

The Green Party is calling on Police Minister Michael Woodhouse to ensure Police scrap controversial contracts that place onerous restrictions on academic researchers’ access to Police data, the Green Party says. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news