ESWATINI is aiming to secure R30 billion in investments at its upcoming Investment Conference, according to Mancoba Khumalo, the country’s Minister of Commerce, Industry, and Trade.
He made the announcement during a press conference in Pigg’s Peak last Friday.
The conference, facilitated by the Eswatini Investment Promotion Authority (EIPA), seeks to boost both foreign and domestic investment to drive economic growth and development.
Khumalo confirmed that Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA), would attend the event, while Prime Minister Russell Mmiso Dlamini would deliver the keynote address.
In an interview with IOL News on Saturday, Sibani Mngomezulu, the chief executive of EIPA, reiterated the R30bn investment target, clarifying that it encompasses Foreign Direct Investment (FDI) and Domestic Investment.
“The R30 billion target includes both FDI and domestic investments, as well as the expansion of existing projects alongside new investments,” Mngomezulu said.
In a related development, King Mswati III has directed the government to prioritise economic improvement and job creation under the national development slogan “Nkwe”.
* Zweli Martin Dlamini is the managing editor of Swaziland News, an independent online publication.
** The views expressed here do not reflect those of the Sunday Independent, Independent Media, or IOL.
