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

Customary marriages declared in community of property

MBABANE – The High Court has declared the long-standing practice of treating marriages under Eswatini Law and Custom as being out of community...

Inyatsi Construction building foundations of First World future

For more than four decades, Eswatini has witnessed one of the most significant periods of infrastructure development in its history. Under the leadership...

No more USA Visa processing in Eswatini

MBABANE – In a move that will significantly alter travel logistics for Eswatini nationals, the United States Embassy in Mbabane will cease accepting...

King moves to save Ncangosini residents from eviction

KONTSHINGILA – Hundreds of residents living on a privately owned farm at Ncangosini, Kontshingila, are set to be spared from eviction after an...

Each MP set for E1m handshake

MBABANE – When the 12th Parliament assumed office in 2023, an ordinary Member of Parliament (MP) was earning a basic monthly salary of...

Related Articles

Eswatini among southern Africa’s fastest-growing economies

MBABANE – Eswatini is expected to remain among Southern Africa’s strongest-performing economies...

ERS coming for high-net-worth individuals

MBABANE – Eswatini Revenue Service (ERS) is seeking to ensure wealthy individuals...

SA economic woes cast shadow on Eswatini 

MBABANE – Eswatini remains one of Southern Africa’s stronger fiscal performers, although...

SADC banks resilient despite global economic pressures

EZULWINI – Regional banking systems have remained sound and well-capitalised despite mounting...