Introduction
The Eswatini National Industrial Development Corporation (ENIDC), established under the National Industrial Development Corporation of Swaziland Act of 1971 to promote industrial development, adopted its current name in 2021 following the country’s renaming. After becoming dormant in 1986, the Corporation was revived in 2012 as part of the Government’s efforts to stimulate economic growth and employment.
However, challenges such as a high ratio of non‑performing loans, loss of control over key assets, and heavy reliance on annual government subventions have constrained ENIDC’s ability to effectively fulfill its mandate.
In this context, the implementation of a comprehensive turnaround strategy is critical to restore financial sustainability, strengthen institutional capacity, and reposition ENIDC as a catalyst for industrial development and economic transformation in Eswatini.
Our Core Strategic Values
Sustainability
ESG-embedded industrial and financial solutions that are viable, green, and inclusive.
Innovation
Champion practical innovation to unlock manufacturing SME finance by digitising credit decisions and scaling collateral-light instruments.
Collaboration
Build coalitions that deliver scalable manufacturing finance solutions no single institution can achieve alone
Integrity
Integrity through transparent governance, strong risk management, and full compliance.
Agility
Deploy fast, learn fast, and scale safely through pilots, sandboxes, and adaptive regulation.
OUR STRATEGIC OBJECTIVES
- Establish and conduct any industrial undertaking.
- Facilitate, promote, guide and assist industries in financing new industries and expansion schemes to modernise existing sectors, contributing to economic expansion in Eswatini and industrial development
- Foster the growth and development of small and medium enterprises and cooperatives to create employment, particularly in underdeveloped areas of Eswatini.
- Foster the growth and development of small and medium enterprises and cooperatives to create employment, particularly in under developed areas of Eswatini.
- Hold government stocks or shares in any Corporation on such terms as may be recommended by the government.
- Provide extension and technical services to funded projects.
- Engaging in robust resource mobilisation initiatives.
- Alignment with ESG best practice standards.
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.