ESWATINI TO BENEFIT AS E760BN COMMITTED TO MISSION 300

MBABANE – The African Development Bank (AfDB) and the World Bank have pledged a combined US$40 billion (approximately E760 billion) towards Mission 300.
This is a transformative initiative aimed at boosting economic growth and infrastructure development across Africa.Eswatini is among the countries set to benefit from this massive financial injection, which is expected to accelerate investment in key sectors, including energy, transport, digital connectivity and job creation. Mission 300 is an ambitious programme designed to support the African Union’s Agenda 2063, which aims to drive sustainable development and reduce poverty across the continent.

The funding commitment by the AfDB and the World Bank is expected to fast-track projects that will enhance trade, industrialisation and climate resilience in African nations.
Speaking on the commitment, AfDB President Dr Akinwumi Adesina emphasised the importance of the funding in unlocking Africa’s economic potential. “This investment will help African countries build critical infrastructure, expand job opportunities and drive inclusive economic growth,” he said.

Eswatini is expected to tap into the E760 billion fund to support several key areas:
1. Infrastructure development – Enhancing road networks, energy supply and digital connectivity to facilitate economic growth.
2. Agricultural modernisation – Supporting farmers with improved irrigation systems, mechanisation and access to global markets.
3. Job creation – Empowering young people and small businesses through entrepreneurship programmes and access to finance.
4. Climate resilience – Investing in sustainable practices to mitigate the impact of climate change on the economy.
Government officials have welcomed the funding pledge, noting that it aligns with Eswatini’s Vision 2022 and long-term development goals. Economic analysts have also highlighted that access to these funds will help the country strengthen its trade position in the region. The US$40 billion (E760 billion) commitment by the AfDB and the World Bank marks one of the most significant investments in Africa’s economic future. With Eswatini set to benefit, stakeholders remain optimistic that this funding will translate into tangible improvements in infrastructure, job creation and economic resilience.

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