By Mbongeni Ndlela
LOBAMBA – His Majesty King Mswati III has highlighted Eswatini’s remarkable economic journey, pointing to significant growth in national output since his coronation.
“At the time of my coronation, our national GDP stood at approximately 1.4 billion Emalangeni. Today, it exceeds 95 billion Emalangeni,” he said.
The King described this progress as a result of unity and shared commitment among emaSwati.
“This transformation is the fruit of our collective determination,” he added.
He commended the private sector for its central role in strengthening the economy and sustaining growth momentum over the years.
“We commend the role played by our business sector that has helped grow, transform, and consistently carry the weight of our economic aspirations,” he stated.
Manufacturing has emerged as a key pillar of the economy, now contributing about 40% to the country’s GDP, reflecting ongoing industrial development.
The King also underscored the impact of empowerment initiatives designed to uplift citizens and expand economic participation.
“Our empowerment initiatives have disbursed over E1.4 billion and extended loans exceeding E10 billion,” he noted.
While celebrating the achievements, he emphasised the importance of inclusive growth.
“While we celebrate this growth, we remain mindful that challenges persist… ensuring no one is left behind,” he said.
He reaffirmed Eswatini’s ambition to attain first-world status, anchored on sustained economic progress and inclusive development.
