Māori tribal assets jump in value

2:53 pm on 30 June 2016

The assets of Māori tribal authorities grew by $2 billion over 12 months, latest figures reveal.

A report by Statistics New Zealand shows assets owned by Māori authorities jumped 15.5 percent in 2014 to $15 billion.

The main growth was in areas such as trademarks and shares in subsidiary companies, while there was still a strong base of assets in the primary sector.

Auckland Council's Independent Statutory Board chairman David Taipari said he had observed an increase in Māori-owned businesses in the infrastructure and IT sectors.