By Sizwe Dlamini
Prime Minister of Eswatini, Russell Dlamini, has expressed confidence that the Kingdom’s economy is on a positive trajectory, with a projected 8% economic growth for the 2025/2026 fiscal year, signaling that the targeted 12% growth is attainable.
Dlamini made these remarks during the opening of the annual Cabinet Ministers’ retreat held in Ezulwini. He began his address by highlighting the encouraging progress the country’s economy is making, which he attributed to the confidence that markets and the Government have in the economy.
“It is pleasing to note that the economy of the Kingdom of Eswatini is on a positive trajectory, an indication of the confidence that markets have in the economy and Government,” he said.
He emphasized that the projected 8% economic growth for the 2025/2026 fiscal year is a testament to the country’s potential.
“The projected 8% economic growth for the 2025/2026 fiscal year inspires confidence that indeed the targeted 12% economic growth is attainable,” Dlamini remarked.
Acknowledging that such growth cannot be achieved in isolation, Dlamini called on the collective effort of all sectors of the economy. “Government is not in delusion that this target can be attained without the participation of all sectors of the economy and therefore invites the public sector, the private sector, and everyone else to work hard and work together to stimulate economic growth,” he stated.
Dlamini added that in addition to the mid-term Programme of Action, the formulation of the Grand Plan is going well and is due to be completed during the course of the year.
“As part of the Grand Plan, Government is in the process of establishing a Sovereign Wealth Fund. Preparation of the said fund has already begun, and will be completed by the end of this fiscal year. This Sovereign Wealth Fund should be able to cushion the nation and stabilise the country’s economy, while generating wealth for future generations to come. It is a proven fact that countries that have established Sovereign Wealth Funds have been able to achieve exponential economic growth for the wealth of their respective nations,” he said.