Eswatini Development Finance Corporation Tenders

Eswatini Development Finance Corporation (FINCORP) was launched by His Majesty King Mswati III in November 1995, with the main objective of economically developing Emaswati through the provision of accessible financial services. FINCORP is a registered private corporate with two shareholders namely, The Government of Eswatini and Tibiyo Taka Ngwane with shares of 80% & 20% respectively. FINCORP continues to fulfil its mandate as commissioned by His Majesty King, which is to empower Eswatini citizens through provision of meaningful access to credit, job creation and poverty alleviation. FINCORP has, to date, provided access to financial services to thousands of Small and Medium Enterprises and individuals across all economic sectors which make a meaningful contribution to economic growth. Entrepreneurs both in Nation Land (NL) and Title Deed Land (TDL) continue to receive financial assistance to start-up new businesses and expand existing ones. A significant proportion of FINCORP's loan book represents agribusiness activities mostly situated in rural areas. Statistics have shown that the agricultural sector offers enormous job opportunities to the general population throughout the country. Other major sectors include trucking & haulage, forestry, and general business covering trade, retail, manufacturing, construction and services. The future for the organization looks promising and with a wide range of opportunities. The last 5-year strategic plan came to an end in March 2022. The organization has now adopted a new strategy that seeks to revolutionize FINCORP's work as a Development Finance Institution up to 2027. High up on the agenda in the next five years shall be technology/digital transformation. We are setting out this new strategy to put FINCORP at the forefront of the changing financial landscape. This transformation journey will help us to deliver our most ambitious goal yet-an organization that is digital, innovative, and nimble in order to achieve sustainable growth as we continue ‘Helping You To Help Yourself.'