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.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

No Charges: Outcome
Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area.

Following a lengthy and complex investigation, charges are not being laid by Police at this time regarding 8 incidents involving 7 victims and 5 suspects. More>>

 

Parliament Today:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news