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Standard Bank pumps E2.355m into health, investment and culture

Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (centre) hands over a cheque to representatives of Good Shepherd Hospital, Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (centre) hands over a cheque to representatives of Good Shepherd Hospital,
Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (centre) hands over a cheque to representatives of Good Shepherd Hospital,

Mbabane – Standard Bank Eswatini has announced a combined E2.355 million funding package directed at three national institutions spanning healthcare, investment promotion and cultural development.

The money goes to Good Shepherd Hospital, the Eswatini Investment Promotion Authority and the Eswatini Choral Society, with the bank describing the allocations as part of a structured corporate social investment and sponsorship strategy.

Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (centre) hands over a cheque to representatives of Eswatini Investment Promotion Authority
Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (centre) hands over a cheque to representatives of Eswatini Investment Promotion Authority

Good Shepherd Hospital takes the largest share at E1.5 million, channelled through the bank’s Health Corporate Social Investment Pillar. Standard Bank Head of Brand and Marketing Sanele Khumalo said the funding will back the hospital’s efforts to deliver accessible, quality healthcare to communities across the Kingdom.

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The Eswatini Investment Promotion Authority receives E500,000 to support the upcoming Eswatini Investment Conference, a platform the bank says is designed to boost investor confidence, attract foreign capital and position Eswatini as a competitive investment destination. The sponsorship is also tied to job creation and long-term economic activity.

Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (centre) hands over a cheque to representatives of Eswatini Choral Society
Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (centre) hands over a cheque to representatives of Eswatini Choral Society

The Eswatini Choral Society gets E355,000 to support the development and performance of choral music, with the bank recognising culture as central to national identity and social cohesion.

Chief Executive Mvuselelo Fakudze said the three areas of health, economic development and culture were deliberately chosen because targeted investment in each produces measurable national benefits.

“Strong healthcare systems create the foundation for thriving communities and sustainable growth,” Fakudze said, adding that the bank’s initiatives are guided by a commitment to support institutions that advance Eswatini’s long-term development.

Standard Bank representative Berry, speaking on the bank’s involvement in the investment conference, said the institution is currently working on several renewable energy projects, with one already approved and set to be announced soon.

Berry said the bank’s role goes beyond financing.

“Our role is to mobilise capital, connect foreign investors with the local business community, and open up opportunities. Our role even extends to creating employment,” he said.

He said unemployment figures point to an urgent need for greater private sector activity, and that the bank is ready to step in.

“We are open for business to support our local entrepreneurs and to provide advisory services where appropriate,” he said.

Berry also pointed to the bank’s regional footprint as an advantage for Eswatini.

“We have representation across multiple countries, so we can replicate successes seen elsewhere,” he said, adding that approaches proven effective in other markets can be brought into the Kingdom.

On the investment conference specifically, Berry said events of this nature are critical for the country’s young people.

“Conferences like this that encourage foreign investment are critical. They help grow the country, improve its prospects, and create jobs for our youth. With growth, everyone’s life improves,” he said.

Berry was clear about what drives the bank’s participation.

“That is our intention as a bank. We are here for the community. We are here to grow the country,” he said.

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