BY TSABEDZE KWANELE
MBABANE – If you are interested in owning public transport, you better read this!
The Industrial Development Company of Eswatini (IDCE) has encouraged people interested in operating public transport to consider applying for financing.
In a short marketing video released by the IDCE, Head of Marketing Bhekiwe Zwane revealed that they fund any businesses which added value to the economy.
“What is important is that the business papers and everything that legitimises the business should be in order, and the business should be demonstrably successful and viable,” said Zwane.
One IDCE beneficiary, Mthunzi Mkhombe, a public transport owner at Siteki, was interviewed during the marketing video. Mthunzi has revitalised his old family business with the assistance of IDCE.
In an interview with IDCE, Mkhombe said he had a very good relationship with IDCE.
“They have treated me well and they welcomed me well.”
Mkhombe also revealed that he had a good relationship with IDCE since he started working with them in 2017.
IDCE is a development finance institution formed to promote industrial and economic growth in Eswatini. It seeks to facilitate sustainable economic growth through the provision of development finance to all sectors of the economy to satisfy all stakeholders’ aspirations. In addition to supporting the public transport industry, the IDCE has also financed businesses in manufacturing, property development, agribusinesses, and services businesses. They also provide other services including corporate loans and equity, asset leasing finance, order financing, SME loans, working capital, advisory services, as well as leasing of industrial buildings.
