- The Strategy by composition will be driven by the Eswatini Investment Promotion Authority (EIPA) and is funded by the European Union.
- EIPA is also expected to ensure retention of existing investors, to promote Eswatini as the ideal destination for investors
Mbabane: Government of the Kingdom of Eswatini through the ministry of commerce has launched an Investment Promotion, Facilitation and Aftercare Strategy under the theme ‘Investment is Everyone’s Business’.
The launch took place virtually on Wednesday morning, an event that was attended by the Minister Commerce Industry and trade Manqoba Khumalo, Eswatini Investment Promotion Authority (EIPA) CEO Madoda Mngomezulu, Busimess Eswatini CEO Nathi Dlamini, European Union representative Emeseralda Hernandez and other dignitaries.
The Strategy by composition will be driven by the Eswatini Investment Promotion Authority (EIPA) and is funded by the European Union.
Speaking during the launch, the Minister of Commerce Manqoba Khumalo said through the Strategy, EIPA will enhance their ability to attract new investors while ensuring efficient and prompt facilitation of trade.
EIPA is also expected to ensure retention of existing investors, to promote Eswatini as the ideal destination for investors and the ideal investment destination for entry to Africa.
The launch comes at a time when His Majesty King Mswati III, during his Speech from the Throne last week Friday, emphasized the importance of focusing on attracting investors even during this period of restrictive COVID-19 regulations.
During the launch the minister of commerce reiterated government’s efforts and commitment to attracting new investors and assisting existing businesses for the betterment of the economy of the country. He added that there was a great expectation on EIPA to enable Government to deliver on the Post COVID-19 Economic Recovery Plan.
EU Ambassador Esmeralda Hernandez Aragones, making her remarks highlighted that the EU is proud to support initiatives that contribute to national economic development for our partner countries. “I commend Eswatini for the substantial implementation progress achieved on the overall project despite COVID-19.”, she said.