Entrepreneurial spirit to soar as investment in textiles & allied sectors grow
15 May '06
3 min read
According to a testimony by the Swaziland Investment Promotion Authority (SIPA ), although interior Swaziland's economy could be minor, but it has the prospect to spawn in to millions of dollars worth business opportunity for local local businessmen.
The group was set up in 1997 to aid direct overseas investment, and has recently taken on the objective to lessen poverty in Swaziland, where two-thirds of the roughly one million inhabitants survive on less than a dollar a day.
Combinations of investment alternative were acknowledged in the SIPA guide, from a US $2.8 million cableway to ferry tourists across the scenic mountains of the northern Hhohho region to anticipating to bring profits within four years.
A $3.5 million farming plan to produce cut roses for markets in the Netherlands, Italy, Germany, France, the United Kingdom and the United States, which could turn profitable in 10 years. Besides, local investors will aid their fellow countrymen by providing jobs.
The employment prospects prevail in cut roses, maize cultivation and sugar cane plantations.
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