Ezulwini hosted the launch of a new digital platform by the Central Bank of Eswatini aimed at modernising the financial sector and expanding access to capital through enhanced financial surveillance and credit guarantee schemes.
The platform was officially introduced by Central Bank Governor Dr Phil Mnisi, who said the initiative signals Eswatini’s readiness for business and its drive towards a modern and competitive financial system.
Developed with support from the Commonwealth Meridian programme, which assists central banks in adopting digital solutions, the system combines advanced financial surveillance tools with credit guarantee mechanisms. The approach is intended to strengthen monitoring of financial flows while speeding up access to credit, particularly for export oriented businesses that generate foreign exchange.
According to the Central Bank, the platform will improve the efficiency of capital movement across the economy by offering real time data, improved transparency and stronger oversight. These features are expected to reduce risk, strengthen confidence in the financial system and support a more attractive environment for both local and international investors.
Speaking at the launch, Dr Mnisi said foreign direct investment and domestic credit availability remain key drivers of growth in developing economies such as Eswatini.
“Foreign Direct Investment and domestic credit availability are critical for economic growth. This new system marks the beginning of a new era that seeks to transform the country,” he said.
The digital platform is also expected to improve regulatory supervision by enabling closer monitoring of financial institutions and market activity. The Central Bank said this will enhance compliance, reduce systemic risk and reinforce financial stability.
A central feature of the system is its credit guarantee function, designed to assist businesses that face challenges accessing finance due to perceived risk. By improving data availability and risk assessment, the platform will allow banks and other financial institutions to extend credit with greater confidence, particularly to small and medium sized enterprises.
Export oriented firms are expected to benefit most, as the system prioritises businesses that earn foreign exchange. The Central Bank said better access to credit for exporters will support the balance of payments while contributing to industrial growth and job creation.
Mnisi said the platform will be rolled out in phases, with continued engagement planned with commercial banks, development finance institutions and other stakeholders to ensure effective implementation and alignment with market needs.
Discussion about this post