Mbabane – The Central Bank of Eswatini has announced plans to introduce its first retail bond, targeting broader public participation in the country’s financial markets, including low income earners.
The development was disclosed by Central Bank Governor Dr Phil Mnisi on Monday during a panel discussion held in Cape Town, South Africa. The session, titled “Redesigning Capital Markets Across the Continent to Support Innovation, Harmonisation and Integration”, was hosted by Global Banking and Markets and brought together policymakers and financial sector leaders from across Africa.
Dr Mnisi said the initiative is already at an advanced stage and is aimed at opening up investment opportunities to ordinary emaSwati, particularly those who have historically been excluded from formal financial instruments. 
“Eswatini is in the process of introducing its inaugural retail bond, which will accommodate the underprivileged and marginalized members of society. The minimum amount that can be purchased is as little as E500 and in multiples of E100,” he said.
The move comes as several African countries continue to adopt new approaches such as technology driven systems, sustainability frameworks and regulatory reforms to attract investment and stimulate inclusive economic growth.
According to the Central Bank, the retail bond programme is expected to provide an accessible savings and investment vehicle, while also supporting domestic capital market development.
Dr Mnisi noted that further details regarding the structure and rollout of the bond will be communicated at a later stage, citing the involvement of key stakeholders in finalising the programme.
