FINCORP ANNUAL REPORT 2018
April 8, 2019
Environmental Compliance Policy
July 14, 2019

Option 4



Welcome to FINCORP



Welcome to our website. Eswatini Development Finance Corporation (FINCORP) was launched by His Majesty King Mswati III in November 1995 with the main aim of economically empowering Emaswati at grassroot level through the provision of sound and sustainable financial services.

FINCORP is a registered private corporation with two shareholders namely The Government of Eswatini and Tibiyo Taka Ngwane, holding 80% and 20% respectively.

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Our Mission.


“To support inclusive national economic growth through the expansion of sustainable access to financial services for indigenous entrepreneurs and the general population by helping them to be innovative, be growth driven and ultimately improving the quality of life for all.”

Our Vision


“To position ourselves nationally as the leading provider of development finance and other support financial services which directly contribute to national economic development”.



Fincorp Shareholders


80%

Tibiyo Taka Ngwane

The Government of Eswatini which holds 80% of the shares, is represented by the Ministry of Finance. It is however Governments future plans to sell part of her share to private investors in order to allow autonomy to the corporation which is expected to result in greater outreach, impact and further improve the level of service delivery to the SME sector through better products and improved technology.
20%

Tibiyo Taka Ngwane

Tibiyo Taka Ngwane, which hold the 20% share, is a national investment and development oriented organization which has partners with local and foreign investors in several business sectors in the country. Tibiyo Taka Ngwane invests either in the form of equity or loan finance. It is a unique business entity in that the former King, His Majesty Sobhuza II created it on the year of independence, on 19 August 1968, by Royal Character, basically to complement the Government of Eswatini’s national development efforts. The organization has created more than 20 000 employment opportunities through its investment. Tibiyo Taka Ngwane also runs a Corporate Social Investment programme in which it endeavors to play an effective role in the maintenance of cultural values and the upliftment of the quality of life of the Swazi people. These programs comprise of three components: (1) The support of tradition and culture, (2) The support of education and training; (3) Providing donations. Its involvement in FINCORP is another indicator. Of its commitment to the development indigenous SME’s.

FINCORP

 

Subsidiary Companies

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