Sandton – Tibiyo TakaNgwane Managing Director Dr. Absalom Themba Dlamini has reaffirmed Eswatini’s readiness to engage the global investment community, calling on international partners to join the kingdom in building sustainable, high-return ventures across sectors.
Speaking during the opening of the Africa Capital Markets Forum, Dr. Dlamini presented a compelling case for Eswatini’s drive to establish a national sovereign wealth fund, even as Tibiyo itself is often viewed as a de facto version of one.
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“The Kingdom of Eswatini is alive to the realities and recognises the potential and opportunities at our disposal,” he said, revealing the country’s commitment to developing a framework for a national sovereign wealth fund led by government in partnership with the private sector.
A Vision for a National Wealth Fund
Dr. Dlamini explained that the proposed E5 billion sovereign national wealth fund represents His Majesty’s Government’s commitment to unlocking the potential of capital markets — a tool he described as essential for attracting strategic investment.
“The ultimate objective is to commercialise State assets that can generate competitive returns to secure the current and future livelihoods of Emaswati,” he stated.
He emphasised that the initiative seeks to pool national assets — both financial and non-financial — to attract co-funding from global partners and investors.
“This is not reinventing the wheel. It builds on what we started through the vision of King Sobhuza II, who envisioned a society that was self-reliant, sustainable, yet open to external partnerships and business when he founded Tibiyo TakaNgwane,” he added.
Building on a Strong Foundation
Dr. Dlamini described Tibiyo as a unique home-grown sovereign wealth model, built on local contributions and designed to preserve and grow the wealth of the nation.
He reiterated that Eswatini remains open for business, highlighting its stable and promising investment climate.
“We have a small yet resilient economy, a vibrant and developing capital market, a growing financial sector, a hardworking and competitive young labour force, expanding internet access, and profitable State assets ready for international partnerships,” he said.
Inviting Global Partners
Dr. Dlamini told delegates that the opportunities presented by the sovereign wealth fund capital mobilisation model are extensive, expressing confidence that international institutions and investors would recognise Africa’s — and Eswatini’s — commitment to doing business sustainably and profitably.
“We are ready to partner for progress,” he concluded.
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