Eswatini economic profile:
Eswatini is a landlocked country with close economic linkages to South Africa and is a member of the Common Monetary Area (CMA) with Lesotho, Namibia and South Africa. Eswatini depends on South Africa for about 70% of its imports and 65% of exports, and fiscal revenues largely depend on Southern African Customs Union (SACU) revenues.
The country’s recovery from COVID-19 pandemic remains uncertain and hinges on the evolution of the COVID-19 pandemic, rollout of the vaccines and the pace of recovery of the global and regional economies, particularly that of South Africa. Eswatini is known for having arable land, and the government works with a number of partners to provide capacity building in crop and livestock production with the aim of increasing production, consumption and aggregate demand for external markets. (Source: The World Bank)
TFSA sector work in Eswatini:
TFSA’s priority sectors in Eswatini include condiments and high value specialty foods, and fruits, nuts and vegetables. A significant number of producers are already exporting or near export ready, and employ a high number of women and rural workers. The sectors enjoy robust support from government and donors to increase output and competitiveness, and will benefit greatly from TFSA services to overcome trade barriers and grow export trade. In addition to improving compliance in export markets, TFSA also support the sectors with market linkage to in particular Southern African markets, as well as international markets of interest.
TFSA works closely with industry organisation Swaziland Fair Trade (SWIFT) in the condiments and high value specialty foods sector, and with NAMBOARD in the fruits, nuts and vegetables sector, to provide producers with the necessary skills and knowledge to grow their export trade.