Lihir loan scheme a model for Papua New Guinea: Yates

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In what is believed to be a first for Papua New Guinea, Lihir Island landowners will have access to a new lending scheme to finance their small businesses and help foster economic development on the island.

People moves: executive moves and changes relevant to Papua New Guinea

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National Petroleum Company gets acting MD and board Wapu Sonk has been appointed Acting Managing Director of Papua New Guinea’s newly-revived National Petroleum Company. The company’s board will be chaired by Kramer Ausenco Chief Executive Officer Frank Kramer, and will include Trans Wonderland Managing Director Larry Andagali, Secretary of the Department of Public Enterprises Mathias […]

The rise of PNG’s private sector

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IFC, the private sector development arm of the World Bank Group, has increased its presence in Papua New Guinea. Business Advantage talks to IFC’s Resident Representative in PNG, Carolyn Blacklock, about taking PNG’s private sector to the next level. What is the status of the IFC’s own investment portfolio in PNG? We continue to work […]