The New Ireland Development Corporation (NIDC), under the leadership of Managing Director Christian Tarkap has successfully concluded a high-level one-week business investment trip to Port Moresby from Thursday July 2nd to Thursday July 9th 2026, securing strategic partnerships and advancing key investment initiatives poised to transform the economic landscape of New Ireland Province.
Mr. Tarkap said the series of high-level engagements with government leaders, financial institutions, and private sector investors, demonstrates NIDC’s commitment to delivering on its mandate of driving economic growth, creating employment, and unlocking commercial opportunities for the people of New Ireland.
On Monday, July 6th, this week, NIDC in a decisive move to reinforce transparency and fiscal accountability has engaged independent auditor Mr. John Wau of Wau Accountants Business Consultants Firm to conduct a comprehensive forensic-style audit of all financial records from 2022 to the present date. This bold initiative, which goes beyond a standard review, mandates Mr. Wau to provide critical technical support and strategic advisory services, ensuring that NIDC not only rectifies past discrepancies but also establishes a robust financial framework to secure its operational future and drive sustainable growth in New Ireland Province.
The NIDC team also met with Mr. Presley Sammy, CEO of Nimamar Capital Limited to discuss and build a strong business partnership, aligning both companies towards a shared vision of driving development in the Province. NIDC is pleased to formally welcome Nimamar Capital Limited as a long-term business partner.
Reflecting on last week’s engagements, Mr. Tarkap said the team met with the Asian Development Bank (ADB) Country Director Takafumi Kadono and ADB consultants to seek technical insights and financial support to drive NIDC’s projects forward.
The team also held productive discussions with senior executives of Credit Corporation Limited led by chairlady Lady Kamit, BSP Financial Group Limited, Kina Bank, and Tisa Bank to explore financing avenues, credit facilities, and strategic banking partnerships.
The delegation also held an audience with senior government officials from the Department of Lands and Physical Planning to advance land acquisition necessary to push forward NIDC’s portfolio of projects including meetings with AG Limited solar plant investor and Proposed Fish cannery consultants, alongside other prominent business partners and stakeholders.
Mr. Tarkap added these engagements reflect NIDC’s aggressive investment and partnership campaign since assuming office, following the swearing-in of the new Board in April 2026.
