MANZINI – Lawmakers, fund members, and national stakeholders gathered at the Mavuso Trade Centre yesterday to celebrate the 50th anniversary of the Eswatini National Provident Fund (ENPF), a key player in the country’s social security and investment landscape since 1975.
The golden jubilee celebration, dubbed the Lidlelantfongeni Jubilee, was marked by reflections on the fund’s journey, its role in national development, and a renewed challenge from the monarchy to grow its impact beyond financial returns.
ENPF Chief Executive Officer Futhi Tembe delivered a tribute to His Majesty’s leadership, describing it as a driving force behind the Fund’s evolution over the decades. “Under your leadership, the Fund has become more than a financial safety net. It now stands as a symbol of national stability and development,” she said.
Tembe recalled joining the Fund in 2007, during the 30th anniversary celebrations, and noted that at the time, ENPF’s total assets were just E1.1 billion, with local investments making up only 25 percent. She said His Majesty’s directive to increase local impact and member-focused investments prompted a strategic overhaul of operations.
“Today, I am proud to report that the Fund’s assets have grown to E6.8 billion,” she told attendees, adding that this growth was driven by realignment of investment strategies in response to guidance from the monarchy.
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