Introduction
Eswatini National Industrial Development Corporation (ENIDC) is a public enterprise established through the National Industrial Development Corporation of Swaziland (NIDCS) Act of 1971, for promoting industrial development in Eswatini. It adopted the new name in 2021 to align with the change of the country’s name.The Corporation became dormant in 1986, but was revived in 2012 when Government decided to stimulate economic growth and employment creation-through enhanced industrial development.
ENIDC is mandated to establish, facilitate, promote, guide and assist in financing of existing and new business undertakings as well as provide financing for expansion, better organization, modernization and efficient operations in existing businesses. It is a nominated manager of Government’s non-controlling stakes in various private entities and has been assigned as custodian of some special sector development funds.
VISION
We are a front runner in integrated industrialization finance
OUR CORE STRATEGIC VALUES
- Integrity
- Professionalism
- Accountability
- Innovation
OUR OBJECTIVES
- To establish and conduct any industrial undertaking
- To hold government stocks or shares in any Corporation on such terms as may berecommended by Government
- To become a holding Corporation or parent Corporation of companies andstatutory corporations as may be determined by Government
- To manage and supervise certain companies and statutory corporations
- To facilitate, promote, guide and assist in the financing of new industries, schemes for expansion towards modernization of existing industries to meet theeconomic requirements of Eswatini and industrial development within and outsideEswatini;
- To foster development of small and medium enterprises and cooperativestowards the creation of employment, particularly in under-developed areas ofEswatini
- To leverage inward and outwards Foreign Direct Investment in Eswatini
- To encourage the creation of new knowledge based industries and services andestablishment and growth of new technology based firms and industries
- To enhance corporate government so as to achieve business
OUR GOALS
To foster creation of sustainable employment opportunities and amplify wealth creation for the people and businesses of Eswatini by investing enviable opportunities within Eswatini as well as outside
To foster and promote industrial and commercial development in Eswatini by providing development finance, co-financing and managing business infrastructure and participation in investment capital
To reinforce Foreign Direct Investment attraction by providing partnership, support and finance through equity and portfolio investment, joint ventures partnerships and loan financing in order to build confidence on the economy of Eswatini as a highly yielding investment location
To develop new investment sectors for the economy of Eswatini
To extract maximum value for existing and new government shares and stocks through active partnership and efficient management of performance of the Invested companies where Government through the Corporation invests in.