Kumul Consolidated Holdings

Investment Management - Port Moresby, National Capital District, Papua New Guinea

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Kumul Consolidated Holdings Details

Kumul Consolidated Holdings (KCH)KCH is the entity which holds in trust, the Government's non-petroleum and non-mining assets. KCH (formerly known as IPBC) was established in July 2002 under the Independent Public Business Corporation of Papua New Guinea Act 2002 (the "IPBC Act"). KCH, is mandated to hold all Government-owned commercial assets in trust and to manage those assets to improve commercial performance and underpin economic development. KCH is not responsible for the Government's mineral, oil and gas assets. As a trustee, KCH is the holding company for nine (9) State Owned Enterprises (SOEs) operating in agriculture, aviation, banking and financial services, insurance, maritime infrastructure, power, post and logistics, telecommunications, and water and sanitation. KCH also acts as the manager of infrastructure projects throughout PNG such as hydroelectric power facilities, metropolitan sewerage systems property and port developments..KCH is an active investor in the assets we hold. KCH is committed to our role as an investor in our portfolio, seeking to deliver sustainable returns over the long term, and make a difference in what we do with each of the SOE's.We focus on key areas including performance management, capital allocation, and investment strategies. Our goal is to increase revenue, drive profitability and seek new partnerships that delivers national benefits for the people and government of Papua New Guinea.Finally, at KCH we consider environmental, social and governance factors when we make decisions. We encourage our SOE's to adopt responsible and sustainable practices in their businesses, operations and supply chains. We are focused on their future and the future of Papua New Guinea.