Africa-Press – Eswatini. Eswatini has set its sights on robust economic growth in 2025, with GDP expected to rise by 8.3%, up from 4.9% in 2024.
This ambitious target was announced by His Majesty King Mswati III during the opening of the 2nd Session of the 12th Parliament.
The impressive growth projection is attributed to resilience in key industries such as manufacturing, infrastructure development, and the mining sector. The King highlighted that ongoing fiscal reforms and monetary policy discipline have created a favorable economic environment, contributing to the country’s recent credit rating upgrade by Moody’s.
“The economy is expected to continue its growth trajectory, largely due to a rebound from external factors and improved domestic policies,” the King stated.
Key projects fueling this expansion include the multi-billion Emalangeni Mpaka Dam, new roads in Lubombo and Shiselweni, and energy and mining developments. These projects are expected to create employment and stimulate economic activity in various regions.
Despite this positive outlook, challenges remain, particularly the 20.4% decrease in SACU receipts, which could impact public spending. The King called for greater urgency in economic diversification to reduce dependency on SACU revenue, emphasizing prudent fiscal management.
To sustain this momentum, government is expected to fast-track policy reforms that encourage private sector expansion, foreign investment, and job creation. Analysts believe that if Eswatini successfully implements its economic transformation plans, the country could position itself as a regional economic powerhouse.
With a focus on financial inclusion and technological advancements, such as the National Payment Switch Project, government aims to ensure economic stability while promoting access to financial services for all citizens.
As 2025 unfolds, Eswatini’s economic future looks promising, provided that infrastructure development, job creation initiatives, and investment in key industries remain a top priority.
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