BUSINESS START-UP, TRADE ON HORIZON

MBABANE – It will be easier and cheaper to start and run a business in the country, according to the Fiscal Management and Competitiveness Development Policy Financing.

For ordinary entrepreneurs in Eswatini, the World Bank’s Fiscal Management and Competitiveness Development Policy Financing (DPF) promises tangible improvements to the business environment. One of the key focuses of the DPF is to make it easier and cheaper to start and run a business. This translates to several direct benefits:

Reduced red tape: The DPF aims to significantly reduce the number of days it takes to register a new company. This means aspiring business owners can get their ventures up and running faster, saving valuable time and resources.

Lower Costs: By streamlining processes and potentially reducing fees, the DPF aims to lower the overall cost of starting a business. This is particularly beneficial for small and medium-sized enterprises (SMEs) with limited capital.

Easier cross-border trade: The DPF also focuses on reducing the costs associated with trading across borders. This will open up new markets for Eswatini businesses, allowing them to expand their customer base and increase their revenue.

Improved digital payments: The strengthening of the National Payment System and the operationalisation of the National Payments Switch will facilitate easier and more secure digital transactions. This is crucial for businesses looking to embrace e-commerce and reach a wider audience. These reforms are expected to create a more dynamic and competitive business environment, empowering Eswatini entrepreneurs to thrive.

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