MBABANE:Nozizwe Mulela, the Eswatini Bank Managing Director says the economy of the country cannot be transformed by Government and the private sector alone, she called for collective efforts to drive the national development agenda.
Speaking during the bank’s Business Dinner held the Royal Swazi Sun Convention on Tuesday, the Eswatini Bank Managing Director said, the “country’s progress depends on shared responsibility”, shared resources, and shared vision.
“This gathering therefore serves as: a platform for open dialogue, a space for collaboration, and an invitation to co-create solutions that contribute to economic growth, financial sustainability, and national resilience,” she said.
On another note, the Managing Director said, Eswatini Bank “remains financially strong and firmly committed” to its developmental mandate.
“Over the past 15 years, we have extended more than E21 billion in loans across both developmental and commercial portfolio, financing communities, supporting national projects, and enabling businesses to grow. This demonstrates our continued relevance as a catalyst for socio-economic progress in the Kingdom. We acknowledge that the past few years have not been without their challenges. Our profitability has come under pressure, influenced by a combination of internal constraints and external market dynamics, including the rapidly evolving expectations of today’s customer. One of the notable hurdles has been the delay in modernizing our systems, an area that has inevitably impacted the speed, efficiency, and competitiveness of our product offerings and overall customer experience,” she said
Eswatini Bank Managing Director Nozizwe Mulela says economy cannot be transformed only by Government and the private sector, calls for collective efforts(pic:supplied).