MANZINI – EswatiniBank has reinforced its commitment to grassroots economic development after financing the construction of the Khoza Complex to the tune of E2.3 million.
The modern complex, which was officially opened last week, stands as a symbol of growing investor confidence in peri-urban communities and highlights the increasing role of financial institutions in driving inclusive economic growth across the country.
Speaking during the official opening, EswatiniBank Executive Manager for Risk and Data Analytics, Mbongeni Bhembe, said the development represented far more than just a physical structure.
“This marks more than the unveiling of a building. It marks the unlocking of opportunity, enterprise and progress for the people of KaKhoza and surrounding communities,” said Bhembe.
The facility, developed by the Linac Group under the Motsa family, is expected to serve as a commercial hub, providing space for small businesses, service providers and entrepreneurs, while bringing essential services closer to residents.
Bhembe emphasised that the Khoza Complex was strategically aligned with the bank’s broader developmental agenda, which prioritises projects that stimulate economic activity at community level.
He noted that the E2.3 million financing extended to the project was part of a deliberate effort by the bank to support initiatives that create employment, promote entrepreneurship and enhance livelihoods.
“Khoza Complex is not just a structure, it is a catalyst for economic activity, a platform for small businesses and a hub for service delivery.
“It represents confidence in this community, in its people and in its future,” he said.
The development is expected to provide trading space for small and medium enterprises (SMEs), many of whom often struggle to access formal retail infrastructure, particularly in growing settlements such as KaKhoza.
For local entrepreneurs, the complex presents an opportunity to operate in a more structured and accessible environment, which could significantly improve business visibility and customer reach.
The financing of the Khoza Complex also forms part of EswatiniBank’s broader investment strategy, which has seen the institution channel significant capital into key sectors of the economy.
Bhembe revealed that over the past four years, the bank has invested more than E1.6 billion across various sectors, including infrastructure development, agribusiness, healthcare, housing, SMMEs and corporate enterprises.
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