The Chairman of Indigenous Business Australia (IBA), Mr Joseph Elu, is to head a Board that includes some of the country’s leading former CEOs from the retail and wholesale sectors in a bid to improve and expand the number of remote community stores in Indigenous areas.
“This has been a long time coming. If it works the way we envisage as a successful commercial enterprise then it will undoubtedly underpin the economic development of remote area communities across Australia,” Mr Elu said yesterday.
He was speaking ahead of the inaugural meeting of the Board of a new entity called Outback Stores, which is a wholly-owned subsidiary of IBA. It was formed to accommodate the Government’s recent Budget commitment to spend $48 million over four years to address ongoing concerns involving the running of remote community stores.