ABOUT US

Follow Us on: Facebook |

INTRODUCTION

National Industrial Development Corporation of Swaziland (NIDCS) was established by the Government of Swaziland through the National Industrial Development Corporation Act of 1971 as a public enterprise, with the aim of promoting industrial development in Swaziland. In terms of the Act, our mandate is to establish and conduct any business undertaking; facilitate, promote, guide; and assist in financing of new business undertakings and schemes for expansion and modernization in order to improve the efficiencies in existing undertakings.

In 1985 the Corporation became dormant. In 2012 the Government approved its revive to support industrial development in order to stimulate economic growth and employment creation. The revival also expanded the mandate by making the Corporation a custodian of Government investments including shares in various entities. As a result, the NIDCS now serves as a special purpose vehicle (SPV) for investing on behalf of Government to ensure maximisation of investment returns in the various investing avenues.

Our activities complement Government’s effort to attract investment by offering equity participation and anchoring investor confidence on Swaziland. currently, we support undertakings in sectors such as Food and Beverages, Agri-business, Health and Pharmaceuticals, Infrastructure and Engineering, Paper, Plastic and Leather, Textiles and Apparels, Communications, Mining and Minerals, Financial Services, Finance and Entertainment.

MISSION

We invest in economically and financially viable, technically feasible, and environmentally friendly projects that have sustainable medium to long term returns and growth effects to Swaziland’s socio-economic economy and its stakeholders.

VISION

Swaziland’s industrialisation frontrunner by 2022

CATEGORY: About Us

Contact Us

Encourage the creation of new knowledge based industries and services; and establishment and growth of new technology based firms and industries