Africa-Press – Eswatini. Central Bank of Eswatini Governor, Dr. Phil Mnisi, has urged delegates at the 6th SADC-RTGS User Group Conference to put cybersecurity and multi-currency integration at the heart of regional financial modernization.
Opening the high-level gathering at the CBE’s newly unveiled conference facility in Ezulwini, Dr. Mnisi reminded participants that robust financial systems depend on strong defenses against cyber threats.
“Our financial infrastructure is only as strong as our ability to protect it,” he cautioned. “Delegates must explore strategies to manage risks and build resilient, secure systems.”
The SADC-RTGS system, which enables near real-time settlement of payments across the region, has primarily relied on the South African Rand (ZAR). However, fresh momentum is building to broaden the system to include the US Dollar and member states’ domestic currencies. According to Dr. Mnisi, this step will unlock faster trade, minimize delays, and provide greater flexibility for businesses across Southern Africa.
The conference brought together representatives from all 15 SADC member states for deliberations on liquidity management, operational efficiency, cyber risk mitigation, and shaping payment frameworks fit for the future. Dr. Mnisi encouraged delegates to share ideas that will strengthen both security and efficiency across the network.
Beyond technical upgrades, the Governor emphasized that innovation and collaboration will be the cornerstones of financial progress. He underscored the importance of partnerships between regulators, central banks, and financial institutions in building trust, resilience, and inclusivity in regional transactions.
He also highlighted the need for adapting to evolving market demands—such as extending operating hours and adding more processing days—while ensuring these changes are reinforced by strong cybersecurity measures.
The two-day conference is set to continue with deep-dive discussions on multi-currency settlement, best operational practices, and strategies to safeguard SADC’s cross-border financial infrastructure against emerging risks.
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