By 
By Thokozani Mazibuko
The African Development Bank (AfDB) has solidified its commitment to Eswatini with a remarkable increase in its active portfolio, rising from $222.5 million (about E4 billion) in 2020 to an impressive $480.1 million (about E8.6 billion) by November 2024.
This significant investment underscores the bank’s role as a trusted partner in Eswatini’s development journey.
Recent studies conducted by the AfDB highlight the positive impact of these investments on the nation’s economic growth and social development initiatives. Key sectors benefiting from the increased funding include infrastructure development, health, education, and agricultural modernization.
One of the most notable projects funded by the AfDB is the upgrade of the country’s road network, aimed at enhancing connectivity and commerce. Recent reports indicate that improved road infrastructure has already led to a 15% increase in trade activities between urban and rural areas.
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LAdditionally, the construction of new water supply systems in rural communities, supported by AfDB funding, is set to improve access to clean water for over 250,000 USD.
The AfDB’s investments in health have also yielded significant improvements. A recent health study reported that the bank’s funding has enabled the government to expand access to HIV/AIDS treatment programs, resulting in a 20% increase in patient enrolment and treatment adherence.
In education, the AfDB is funding the construction of new schools and vocational training centre’s across the country. Preliminary reports suggest that these initiatives will raise enrolment rates and reduce dropout rates by providing students with more opportunities for learning and skill development.
Eswatini’s agricultural sector is another area where AfDB financing is making a mark. A recent report indicates that investments in advanced farming techniques and irrigation systems are projected to increase agricultural productivity by more than 30% over the next five years.
This development is especially crucial as the country faces climate challenges that threaten food security.
The AfDB’s increasing portfolio is expected to create thousands of jobs and spur entrepreneurship opportunities. According to a recent economic impact analysis, every dollar invested by the AfDB in Eswatini is projected to generate an additional $2.50 in economic output.
It should be noted that as Eswatini continues to navigate its development path, the AfDB’s ongoing support will be vital for sustaining momentum. Future projects are set to address emerging challenges such as climate resilience and technological innovation in various sectors.
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In conclusion, the African Development Bank’s partnership with Eswatini demonstrates a robust commitment to fostering long-term growth and development. With the active portfolio having nearly doubled in just four years, the future looks promising for both the bank and the nation it seeks to uplift.
