Mbabane– Business borrowing in Eswatini rose by 6.9 percent in the first quarter of 2026, reflecting increased corporate activity and expansion across key productive sectors, according to the latest Economic Bulletin from the Ministry of Economic Planning and Development.
The report shows that private sector credit increased by 3.3 percent overall, with manufacturing and construction firms accounting for the bulk of new lending as businesses scaled up operations and invested in production capacity.
The rise in borrowing is linked to ongoing investment in equipment, infrastructure development and project financing, as companies respond to improving economic conditions and demand within the domestic market.
Eswatini’s economy expanded by 5.7 percent in the last quarter of 2025, with growth recorded across multiple sectors, providing a supportive environment for increased business activity.
The bulletin also notes that inflation remained contained at 1.9 percent, offering relative price stability and improving predictability for business planning and cost management.
According to the report, the uptick in credit growth reflects broader confidence in the business environment, particularly among firms seeking to expand operations and strengthen output capacity in both industrial and construction-related activities.
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