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Swaziland registered 1.9 percent economic growth in 2017 against a forecast of 1 percent, King Mswati III said on Friday.Speaking during the official opening of the Fifth Session of Swaziland’s 10th Parliament in Mbabane, King Mswati said the government was happy with the performance of the economy last year, particularly given that the economic outturn surpassed initial estimates.
This was higher than the 2016 growth estimates of 1.4 percent.
The king said government has identified some quick-win initiatives that promise a positive impact on economic growth and development in 2018.
“These include, but are not limited to, the extension of border operating hours, identification and use of farms for investment purposes, the development of greater Sikhuphe area,” the king said.
He however cautioned against the negative risks surrounding lingering fiscal challenges being faced by the government, saying these have to be managed effectively in order to realise the full gains from these projects.
He said the southern African country “should be able to create an enabling environment for foreign direct investment.”
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