TAIWAN BOOSTS WOMEN’S EMPOWERMENT FUND WITH E9.5 MILLION INJECTION

News

By Mfanufikile Khathwane (Intern)

EZULWINI – “When women rise, the whole nation rises with them.” These inspiring words echoed through Sibane Sami Hotel in Ezulwini as dignitaries and community members gathered to celebrate a shining success in Eswatini’s empowerment journey — the Women’s Revolving Fund.

This joint initiative between the Kingdom of Eswatini and the Government of Taiwan, launched in October 2023, was initially backed by a generous E19 million (USD 1 million) from Taiwan. The fund offers microloans and entrepreneurial training to rural women and youth, opening doors to new beginnings and brighter futures.

Since its inception, the initiative has uplifted countless lives, helping women launch and grow small businesses that support their families and communities. One such story is that of Nomfundo Mabuza, a dedicated farmer who expanded her crop business with support from the fund. In a heartfelt moment, she shared how the support was so meaningful that she named her newborn daughter “Taiwan” in gratitude.

Another success story is Nonvula Mashaba from Mahwalala, Mbabane. Operating in the clothing industry, she was able to purchase five clothing bales, each valued at E4 300 — a total investment of E21 500 — that enabled her to boost her business significantly.

The celebration was more than a reflection on achievements — it marked a renewed commitment to empowering even more women. Taiwan’s Project Manager, Peng, announced an additional contribution of E9.5 million (USD 500 000), expanding the reach and impact of the fund.

“This is about more than money,” emphasized Minister of Commerce, Industry and Trade, Manqoba Khumalo. “It’s about restoring dignity, building self-reliance, and creating opportunities where none existed before.”

Deputy Prime Minister Thulisile Dladla commended the women for their courage and determination, affirming the government’s dedication to inclusive development. “We are building a future where no one is left behind,” she said.

The Women’s Microfinance Capacity Building Project, which began in 2020, has already trained 6 000 women in entrepreneurship with support from institutions like the Cooperatives College, SEDCO, and LULOTE. As the programme continues to grow, so does the hope it brings to women across Eswatini.

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