NGIP Agmark

CEO changes at Barrick and Newmont, new chief risk officer for Kina Bank, board appointment at NGIP Agmark, Bougainville president wins second term.

Papua New Guinea investors enjoyed substantial returns in both the fixed-interest and equities asset classes last year, according to an exclusive analysis for Business Advantage PNG by JMP Securities Managing Director Lars Mortensen.

There are expectations of a bumper cocoa crop in 2023, according to the new CEO of Papua New Guinea’s largest cocoa exporter, NGIP Agmark. However, Steven Nightingale tells Business Advantage PNG that profitability will depend on tighter control of rising costs. 

With the reporting season for the 2021 financial year in Papua New Guinea over, which of Papua New Guinea’s listed companies performed the best last year? Analysis from stockbroker JMP Securities tells us, and also gives us a unique view on how the market has performed over the past year.

The Ihu Special Economic Zone project gets funding from China, Prime Minister Marape visits ExxonMobil headquarters and Kina’s acquisition of Westpac Pacific is officially over. The business news you need today.

Getting produce to market is one of the biggest constraints on Papua New Guinea’s cocoa industry, according to the Chief Operating Officer of leading cocoa exporter, NGIP Agmark. Steven Nightingale says his company is developing a model that is helping to improve the situation.

NGIP Agmark announces new Chief Operating Officer and the Papua New Guinea Rugby Football League gets a new Head Coach.

A profile of the agriculture sector in Papua New Guinea, including governance and legislation, key players, opportunities, challenges and incentives. 

It may not have involved rocket science, but Hargy Oil Palms Ltd has experienced significant success in boosting palm oil yields in West New Britain. But Chief Executive Graham King believes the success of agriculture in PNG will ultimately depend on secure land tenure and foreign investment.

Papua New Guinea’s cocoa industry could be back to its 1970s levels if it had a strong cocoa grower-based Cocoa Board, more farmer training and increased investment. That is what John Nightingale, Managing Director of Agmark, told the country’s first-ever agricultural summit, held in Port Moresby last month.