ESWATINI ACCOUNTANT REPRESENTS NATION ON GLOBAL STAGE
MBABANE – The Eswatini Institute of Accountants (ESIA) continues to elevate the country’s financial sector by providing international exposure to its members.
In a significant milestone, Registered Accountant (RA) Samkeliso Mamba recently represented Eswatini at an international programme on Asset-Liability Management in Banks and Financial Institutions in Pune, India. His participation underscores the growing influence of local professionals in the global financial landscape and highlights Eswatini’s commitment to strengthening its banking and financial management sector.
Prestigious training
Mamba’s selection for the prestigious training, facilitated by ESIA in collaboration with the High Commission of India, marks yet another achievement for the local accounting profession.
He is the second ESIA member to participate in a specialised training programme in India, following Nondumiso Tsabedze’s engagement in the Indian Technical and Economic Cooperation (ITEC) Programme in 2024. This initiative reflects ESIA’s ongoing dedication to equipping accountants with world-class expertise that can drive innovation and economic growth in Eswatini.
Departing for India on January 15, 2025, and returning on February 2, 2025, Mamba underwent an intensive 16-day training covering key topics such as Basel III Liquidity Standards, interest rate risk management and evolving global banking regulations. The programme provided in-depth insights into managing financial risks and ensuring financial institutions operate under international best practices. One of the standout elements of his experience was India’s rapid adoption of digital banking security. Mamba was particularly impressed by the use of fingerprint-based banking access and cardless transactions, innovations that have significantly enhanced security and efficiency in India’s banking sector.
As a senior accountant at FNB Eswatini, he believes such advancements could be adapted locally to improve financial services and banking security. “The structured and practical approach of the training was invaluable,” he said. “It provided a clear road map for managing banking risks, liquidity, and compliance with international financial regulations. The exposure to Basel III implementation strategies and liquidity risk frameworks will allow me to contribute meaningfully to strengthening Eswatini’s financial sector.” The knowledge gained from such global engagements is crucial for Eswatini, particularly as the country seeks to modernise its financial systems and align with international regulatory standards. Strengthening risk management frameworks and improving banking regulations can enhance financial stability, attract investment and support economic growth.
Economic development
Dr Ndiphethe Mabila, Executive Director of ESIA, emphasised the broader impact of such training on Eswatini’s economic development. “When our accountants gain international exposure, they bring back world-class knowledge that benefits not only their careers, but also the institutions they work for and the national economy at large,” he stated. He further encouraged businesses to hire ESIA-registered accountants, noting that their expertise ensures financial compliance, operational efficiency and sustainable business growth. Through ESIA’s affiliations with the International Federation of Accountants (IFAC) and the Pan African Federation of Accountants (PAFA), local professionals continue to access exclusive training programmes that keep them competitive on the global stage.
Mamba urged fellow accountants and finance professionals to take advantage of similar international training opportunities. “Continuous learning is key to staying ahead in a rapidly evolving financial landscape. Exposure to international best practices allows us to develop innovative solutions that can improve Eswatini’s banking and finance sector,” he said.
With ESIA actively creating pathways for global learning, the call for more professionals to seek international training has never been louder. As Eswatini’s economy grows, having a well-equipped financial sector led by globally trained accountants will be instrumental in fostering financial stability, improving business confidence and driving sustainable economic development.
Internationalise
ESIA’s efforts to internationalise the accounting profession reinforce Eswatini’s position as a country investing in knowledge and professional excellence. The exposure gained by accountants like Mamba not only enhances their individual expertise, but also strengthens the country’s overall financial resilience. As the world moves towards increasingly digital and complex financial systems, Eswatini’s finance professionals must continue to embrace international learning opportunities. With a globally competitive financial sector, the country is better positioned to attract investment, promote business growth and enhance economic prosperity for all.
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