Home Business Businesses empowered through UN-Government partnership
Business

Businesses empowered through UN-Government partnership

Share
United Nations Resident Coordinator George Wachira. (Pic: File)
Share

MBABANE – As Eswatini opens new doors for business, three key initiatives are empowering entrepreneurs, boosting trade access and guiding investment towards sustainable growth and innovation.

Eswatini positions itself for greater economic transformation, as government, in partnership with the United Nations (UN) and Business Eswatini (BE), is championing three strategic initiatives that are already reshaping the country’s business landscape.

These initiatives; the Ingelo Local Certification Scheme, the African Continental Free Trade Agreement (AfCFTA) Implementation Strategy, and the Sustainable Development Goals (SDG) Investor Map are designed to unlock new opportunities for local entrepreneurs, stimulate investment and accelerate inclusive growth.

Certification The Ingelo Local Certification Scheme is among the most promising tools helping Eswatini’s entrepreneurs align their products with international quality and safety standards.

This allows small and medium-sized enterprises (SMEs) to compete not just locally, but regionally and globally, by ensuring their goods meet the stringent requirements of export markets.

In addition, Eswatini’s AfCFTA implementation strategy is opening access to the continent’s vast trade network. By equipping local businesses to participate in intra-African trade, the country is setting the stage for increased exports, new business partnerships and more diversified economic growth.

Meanwhile, the SDG Investor Map, developed jointly by the UN and the Government of Eswatini, is guiding investors towards high-impact sectors including finance, agriculture, renew[1]able and alternative energy, infrastructure, healthcare and education.

Intelligence This tool provides valuable market intelligence and identifies opportunities where investment can yield both profit and social progress. UN Resident Coordinator George Wachira stressed the importance of collaboration between the government, private sector and development partners.

“Today’s global crises are too large for any single actor to tackle alone,” he said. “The private sector is more than an engine of economic growth; it is a catalyst for transformation. Businesses drive innovation, deploy cutting-edge technologies, build skills and continuously improve efficiency, lifting people out of poverty-and making money doing it.”

Full article available in our publication.

Scoops N Giggles was one of 20 small businesses selected to participate in the Ingelo Local Certification Scheme. (Pic: Courtesy)
Scoops N Giggles was one of 20 small businesses selected to participate in the Ingelo Local Certification Scheme. (Pic: Courtesy)
Share
Written by
Nhlanganiso Mkhonta

Nhlanganiso Mkhonta serves as Business Editor at the Times of Eswatini. He reports on business, economics, finance, investment, entrepreneurship and public policy, producing insightful coverage and analysis of the issues driving Eswatini’s economy and the wider African business environment.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Swazipharm blames ministry delays, commits to compliance

LOBAMBA – After being implicated in the delivery of medical drugs that were later recalled, prominent pharmaceutical supplier Swazipharm has reaffirmed its commitment...

Family sues EEC over E6m for Mpolonjeni child electrocution

MBABANE - The Eswatini Electricity Company (EEC) is facing lawsuit of more than E6 million following an electrocution incident that allegedly claimed the...

Shembe forgives Zulu King after video fallout

MBABANE – Members of the Nazareth Baptist Church in Eswatini have rallied behind His Holiness Unyazi Lwezulu Shembe after he publicly forgave Zulu...

Labour minister calls for healthy wages

MBABANE – The Minister for Labour and Social Security, Phila Buthelezi, has called upon Wages Councils to negotiate for fair wages. The minister...

Six pupils earn once-in-a-lifetime US exchange opportunity

MBABANE- Six different Mbabane high schools pupils have earned a once-in-a-lifetime opportunity to represent Eswatini in the United States, after emerging as top...

Related Articles

EIPA defers 2nd Investment conference

MBABANE – Government has postponed the highly anticipated second edition of the...

Tribunal clarifies insurance tax rules in landmark ruling

MBABANE – The Revenue Appeals Tribunal Eswatini (RATE) has delivered yet another...

Business confidence improves as credit to enterprises up to E13.2bn

MBABANE – In a clear sign that local corporate entities are aggressively...

Embrace value addition – Standard Bank chief economist

CAPE TOWN, SOUTH AFRICA – African countries must urgently shift from exporting...