FINCORP WINS SILVER AWARD

MBABANE - Eswatini Development Finance Corporation (FINCORP) have won a silver award for Capital Provider of The Year, at the Southern Africa Regional Exporters Awards 2022.

The highly anticipated list of winners for the second edition of the awards themed, “Celebrating the Export Excellence of Southern African Brands,” was revealed on Tuesday at the Boardwalk Casino and Hotel in Gqeberha, Eastern Cape, South Africa. The Southern Africa Regional Exporters Awards entries were drawn from nine participating countries; Angola, Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, and Zambia. FINCORP was shortlisted as a finalist for the Capital Provider of The Year category, alongside the Lesotho National Development Corporation (LNDC), Lesotho Development Finance Unit, and FoxFin Financial Services (South Africa).

Honour

The intention of the awards Capital Provider of The Year category was to honour companies that have developed the best instruments or facilities and have ensured accessibility, affordability, sustainability, and the effectiveness of risk mitigation measures that are put in place to mitigate against all risk that were normally faced by exporters. Lesotho Post Bank won the Bronze award, the Silver award went to FINCORP, and the category winner was the Lesotho National Development Corporation (LNDC). FINCORP was represented by Brand Development and Communications Officer, Manqoba Makhubu, who received the award on behalf of the corporation from the Consul General of Namibia in Cape Town Selma Nghinamudova.  
FINCORP Group Managing Director Dumisani Msibi said they were pleased, honoured, and humbled for winning this award.  

He thanked the award organisers Eastern Cape Development Corporation (ECDC) and the USAID Southern Africa Trade and Investment Hub USAID Trade Hub for recognising and awarding FINCORP’s hard work of economically developing emaSwati through the provision of accessible financial services. “We are pleased to be recognised by the awards as one of the best capital providers in the region. I believe that this award reflects our commitment and impact in pursuit of our founding mandate-to empower Eswatini citizens through provision of meaningful access to credit, job creation, and poverty alleviation,” he said.  

Msibi expressed further gratitude to FINCORP shareholders, board and management, financiers, clients, and staff for playing a significant role in make the corporation a strong and remarkable brand to be reckoned with. “This recognition also acts as a catalyst for us to continue exploring new ways or innovations to keep on enhancing accessibility, affordability, sustainability, and effective risk mitigation measures in line with our new strategy,” he said.  

Encouraging  

He also thanked the USAID Southern Africa Trade and Investment Hub Eswatini team for encouraging FINCORP to join the awards. The Southern Africa Regional Exporters Awards was a collaboration between the Eastern Cape Development Corporation (ECDC), and the United States Government, through the USAID Southern Africa Trade and Investment Hub (USAID Trade Hub). The event was attended by Deputy Minister, Department of Trade, Industry and Competition, South Africa, Nomalungelo Gina; United States (US) Consulate General, Cape Town, Todd P. Haskell; Member of Executive Council (MEC), Department of Economic Development, Environmental Affairs and Tourism, Mlungisi Mvoko; and Executive Mayor Nelson Mandela Bay Metro, Eugene Johnson. 

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