Eswatini National Industrial Development Corporation ENIDC

The Eswatini National Industrial Development Corporation (ENIDC) was established in 1971 under the National Industrial Development Corporation of Swaziland Act and renamed in 2021 to reflect the country's name change. The organization aims to promote industrial development in Eswatini and was revived in 2012 to stimulate economic growth and employment creation. ENIDC is responsible for financing new and existing business ventures, facilitating industrial development, and managing government stakes in private entities. It invests in various sectors, including tourism, renewable energy, mining, manufacturing, education & ICT, and agriculture, providing patient capital for sustainable business growth.

ENIDC adds value by providing flexible financing options, including equity, debt, and mezzanine capital, at below-market rates where possible. The organization supports SMEs and cooperatives, aiming to strengthen local value chains and promote sustainable economic development.