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Home Business Trade & Investment

Standard Bank backs investment conference with E300,000 pledge

Adekunle Owolabi by Adekunle Owolabi
May 7, 2025
in Trade & Investment
Reading Time: 2 mins read
0
Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (right) hands over a E300,000 sponsorship cheque to EIPA CEO Sibani Mngomezulu (left) during a ceremony marking the bank’s support for the upcoming Eswatini Investment Conference.

Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (right) hands over a E300,000 sponsorship cheque to EIPA CEO Sibani Mngomezulu (left) during a ceremony marking the bank’s support for the upcoming Eswatini Investment Conference.

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Standard Bank Eswatini has pledged E300,000 to support the upcoming Eswatini Investment Conference set for 14–15 May 2025, aligning itself with national efforts to attract both local and international investors.

The sponsorship was announced during a handover ceremony attended by the Eswatini Investment Promotion Authority (EIPA) and other partners. The conference is being organised in response to His Majesty King Mswati III’s call for increased investment and job creation.

EIPA Chief Executive Officer Sibani Mngomezulu said the bank was among the first approached for support and its backing had helped unlock further stakeholder engagement, including government institutions and private partners.

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He said the event will bring together investors from the UAE, Asia, Europe, and across Africa, to explore opportunities in agriculture, energy, and manufacturing. The goal, according to Mngomezulu, is to position Eswatini as a leading investment destination in Southern Africa.

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Standard Bank Eswatini’s Chief Executive, Mvuselelo Fakudze, said the bank’s support reflects its belief in Eswatini’s economic potential. He recalled the institution’s deep-rooted presence in the country since 1974 and its involvement in sectors such as sugar, energy, and trade.

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Fakudze noted that the bank’s Pan-African network and asset base exceeding R3 trillion gives it the capacity to support investment inflows and business growth within the Kingdom. He added that Standard Bank plays a key role in facilitating profit repatriation, exchange controls, and cross-border trade for both local and international clients.

The Eswatini Investment Conference will include a gala dinner on 14 May followed by panel discussions and networking sessions on 15 May.

Adekunle Owolabi

Adekunle Owolabi

Adekunle Owolabi is a journalist, political analyst, and digital strategist with experience across Africa and the Middle East. He focuses on international diplomacy, promotes digital inclusion, and advocates for a borderless Africa.

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