MATAQALI WAISALI DRIVING COMMUNITY DEVELOPMENT THROUGH STRATEGIC INVESTMENTS
May 18, 2026
A three-party Memorandum of Understanding (MOU) was signed today in Suva between the iTaukei Land Trust Board (TLTB), the iTaukei Trust Fund Board (TTFB), and Tokatoka Sawaieke of Viseisei, Vuda.
This strategic partnership is transformational, marking a new chapter in landowners’ empowerment to venture into business and explore strategic investment opportunities using their land capital.
The partnership will explore the development of two prime parcels of land in Lautoka known as Vunakeilo (Part of) Subdivision Lot 1 and Lot 2 NLC Lot 44 (approximately 9.4375 hectares).
The MOU defines the roles and responsibilities of TLTB, TTFB and Tokatoka Sawaieke, aligns land administration processes with regulatory pathways and development milestones, and provides a unified framework to guide feasibility, planning and joint venture structuring.
This sets the foundation for the parties to progress the project through the traditional solesolevaki framework that harnesses the collective strength of the parties to create intergenerational wealth for our children and our children’s children.
TLTB CEO Mr. Solomone Nata said this partnership is in line with TLTB’s new business direction.
“It reflects our commitment to empower landowners by ensuring their equity contributions are managed responsibly, their interests are protected, and they are positioned to benefit from strategic investment opportunities.
Through collaboration with TTFB, we will secure fundingarrangements and engage potential joint venture partners to maximize the value of this development,” he said.
TTFB CEO Mr Aisake Taito highlighted TTFB’s strategic role in unlocking value of Landowner’s land equity, a process that commenced in 2025 drawing from the development, finalization and launching the Vanua o Vuda Strategic Plan and cascaded down to Tokatoka Sawaieke.
TTFB jointly undertook a comprehensive market study with Tokatoka Sawaieke. This study, provides critical insights into risks, opportunities, and the best use of the property. The MOU is part of the iTaukei Institutions initiative in light of the Solesolevaki Framework, Mr Taito Added.
Taukei Sawaieke said this agreement is a milestone for the Tokatoka.
“By partnering with TLTB and TTFB, we are not only unlocking the commercial potential of our land but also ensuring that our people are active participants in its development. This project will create long-term benefits for our community and future generations,” he added.
The signing of this MOU signals a transformative step in landowner empowerment harnessing the collective strength of the three parties.
Together, the parties are committed to delivering a landmark mixed-use commercial destination that is expected to boost economic growth, deliver quality shopping experience and hub for the people of Vanua Vunisei and the province of Ba.
TLTB MANAGEMENT
