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15-Jan-2014

2005 - Swaziland - Country Portfolio Performance Review Report

This Country Portfolio Performance Review Report (CPPR) provides a detailed assessment of the performance of the Bank Group’s portfolio in Swaziland, looking at the overall management of the portfolio, including the quality and health of the portfolio, the age of the projects, constraints affecting their overall performance and possible remedies to the identified generic problems. The CPPR is based on the findings from the CPPR mission undertaken in October 2005 and supplemented by quarterly progress reports and supervision mission reports up to May 2006. Projects reviewed are all in the...
29-Nov-2013

Southern Africa Quarterly Review and Analysis – 3rd Quarter 2013 - Issue 10

Economic activity in Southern Africa was vibrant during the 3rd quarter as the region remained on course to attain a projected annual average growth rate of 4.4 percent. In Angola strong growth in the non-oil sector continued to boost overall economic activity. Also, planned new gas and oil fields coming on stream are envisaged to drive higher growth. Botswana’s economic recovery continued with increasing activity in all sectors. The economy in Lesotho continued to show resilience, largely supported by an improved performance in diamond mining. Malawi is benefitting from improved investor...
07-Nov-2013

The oldest customs union in the world hails from Africa

The Southern African Customs Union (SACU) is 103 years old. Established on June 29, 1910 in Southern Africa the Customs Union Agreement (CUA) brought together the South African Union, the High Commission of Bechuanaland territories (current Botswana), Basutoland (current Lesotho) and Swaziland, then under British rule. In fact, the genesis of a customs union already existed as far back as the 19th century: a Customs Union Convention was finalized in 1889 by the Cape of Good Hope, then a British colony, and the Boer State of the Orange Republic. 1969: CUA becomes SACU The agreement...
08-Oct-2013

Integration represents significant opportunities for landlocked and small island countries of southern Africa

“Regional integration offers southern African countries substantial potential from competition and scale effects, but the gains are not automatic; careful design and sustained implementation of the regional trade agreements (RTAs) are necessary to enhance their benefits … and implementation of regional programs requires adequate local capacity, in addition to financial resources.” These are, among others, some of the key messages underscored by Kennedy K. Mbekeani, an Economist with the African Development Bank, in a Regional Integration Policy Paper titled “Intra-regional Trade in...
05-Aug-2013

Regional Integration Policy Papers - Intra-Regional Trade in Southern Africa: Structure, Performance and Challenges

The promotion of growth through increased intra-trade and deeper regional economic integration hold much promise in Southern Africa. In particular, with the mixed neighbourhoods of low and medium income countries as well as landlocked, coastal and island countries, regional integration offers possibilities to leverage and extend economic comparative advantage at a regional level in ways not accessible through national programs. The region is, therefore, moving with the continent and is adopting a more outward economic orientation and deepening regional integration programs. A number of...
18-Jun-2013

Working Paper 175 - Youth Employment in Africa: New Evidence and Policies from Swaziland

Swaziland, a small land-locked country in Southern Africa, seems to be caught in the middle income trap. Despite its favorable location, mild climate, and a relatively diversified production base, it has been one of the slowest growing economies in Africa for almost two decades. Even with ‘rising’ Africa, Swaziland’s average annual growth during 2000 – 2012 was a mere 2.3 percent – well below the 5.8 percent average posted by the continent. The country’s real GDP per capital is projected to decline in both 2013 and 2014 (African Development Bank et al., 2013).
15-May-2013

Indian Ocean Commission Countries a Flagship Study on Regional Integration - Summary Final Report

The African Development Bank (AfDB) has always embraced the vision of an empowered, prosperous and integrated continent. Regional integration has been part of its Charter since its establishment in 1964, and has been given priority in all major Bank strategies. The AfDB’s Strategy for 2013 – 2022 establishes the strategic emphasis on inclusive green growth, which is to be embodied in all the AfDB’s activities including interventions and knowledge products. This Flagship Report analyses the strengths, weaknesses, opportunities and threats (SWOT) that the IOC Member States face in the...
24-Oct-2012

South Africa - A Multi-Stakeholder Consultation on the AfDB’s Human Capital Development Strategy 2013-2017

The African Development Bank is organizing a Multi-Stakeholder Consultation Meeting on its draft Human Capital Development Strategy (2013-2017) in Pretoria, South Africa on 22 and 23 October 2012. Around 100 participants are expected from 12 Southern African countries:  Botswana, Lesotho , Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia,  Zimbabwe, Rwanda and Nigeria. This consultative meeting will bring together government officials (ministries of education, health, gender, social protection, HIV/AIDS, Labor) as well as non-governmental...
16-Oct-2012

AEC 2012 - Labour Markets in Swaziland the Challenge of Youth Employment

Utilizing the 2007 and 2010 labor force surveys, this paper documents that very high youth unemployment is a key feature of the Swaziland labor market and analyzes policy options that could help address this challenge. First, the paper characterizes the Swazi labor market and its youth segment with descriptive statistics. Second, it identifies determinants of the labor market position of different types of the young population through a multinomial logit model. Third, drawing on a search model, the paper analyzes impacts of active labor market policies at different segments of the population...
23-May-2012

Southern Africa Long-Term Strategy Consultation Meeting - Summary Report

The progress made by the Bank over the last decade was generally endorsed along with the strategic direction provided by the HLP and incorporated into the MTS. It is critical to examine the Bank’s role in addressing past and present crises and in applying lessons learned to the LTS.
27-Jan-2012

Swaziland - Lower Usuthu Smallholder Irrigation Project (LUSIP) - Project Completion Report (PCR)

More than 40% of the population in Swaziland lives in absolute poverty, mostly in the rural areas. To address this issue (NDS) anchored on the country’s development agenda as spelt out in the government’s long term vision, and the Swaziland Poverty Reduction Strategy and Action Programme (PRSAP).
27-Jan-2012

Swaziland - Mbabane Bypass Road Project - Project Completion Report (PCR)

To fill the missing link on the Matsapha - Mbabane - Ngwenya corridor and provide the vital link towards enhancing regional integration through development of the east/west corridor which forms part of Swaziland’s commitment to the SATCC protocol; to ease the traffic flow between the South African border and the interior part of Swaziland which is currently the most heavily trafficked road in the country; to contribute towards achieving the sector goal by providing an efficient and cost-effective transport system for both national and international traffic within Swaziland; and to enhance...
19-Jan-2012

2009-2013 - Swaziland - Country Strategy Paper - Mid-Term Review

The CSP mid-term review is a product of extensive consultations between the Bank and the government of Swaziland, as well as other stakeholders. Additional information was obtained from various government and other publications. This report assesses progress made in the implementation of the Bank’s Mid-Term Country Strategy Paper (2009 - 2013 CSP) for Swaziland. It also provides the context for the proposed strategy for the remainder of the CSP period and the expected outcomes. This strategy proposes a modification of Pillar I of the current Bank strategy to focus on removing structural...
23-Jun-2011

Working Paper 130 - Growth and Macroeconomic Convergence in Southern Africa

This paper describes real per capita income and macroeconomic convergence in Southern African Development Community (SADC). SADC is one of the 9 regional economic communities (RECs) in Africa and currently includes 15 member statesi ( see end note) with total population of about 257.7 million and Gross Domestic Product of US$471.1 billion in 2009. Convergence of economic growth and per capita incomes among nations has been a central theme in neoclassical growth theory and vast economic literature related to it for decades. Thus, traditionally, the analysis of convergence involved an...
05-Jun-2011

2011-2015 - Southern Africa - Regional Integration Strategy Paper

Regional integration has been a longstanding goal of the African Development Bank, an ideal that featured prominently in the 1964 Agreement that established the institution. Increasingly, African countries are realizing the relevance of regional integration to economic growth and Africa’s role in the global economy. Yet, the persistent hard and soft constraints on effective integration – the poorly developed network of regional infrastructure, especially in transport, energy and communications, and the unsuitable array of legal, institutional and regulatory frameworks – cannot be ignored.
05-Jun-2011

The AfDB Group in Southern Africa 2011 - Fostering Growth and Regional Integration

We are pleased to present this regional publication which provides an overview of the African Development Bank’s operations and partnership in Southern Africa. The publication comes at a critical time for the region and the Bank. The aftermath of the global financial crisis threatened to set back, in less than a year, the economic gains so painfully made over the last decades. The crisis slashed the continent’s growth rate from a healthy 6% to 2%, reduced export earnings, decreased Diaspora remittances and investment flows, and contracted the private sector. To ensure its regional member...
05-Jun-2011

The AfDB Group in Southern Africa 2011 - Fostering Growth and Regional Integration

We are pleased to present this regional publication which provides an overview of the African Development Bank’s operations and partnership in Southern Africa. The publication comes at a critical time for the region and the Bank. The aftermath of the global financial crisis threatened to set back, in less than a year, the economic gains so painfully made over the last decades. The crisis slashed the continent’s growth rate from a healthy 6% to 2%, reduced export earnings, decreased Diaspora remittances and investment flows, and contracted the private sector. To ensure its regional member...
15-Mar-2011

AfDB Calls for Deeper Regional Integration - Tool for growth and employment creation in Southern Africa

Pretoria, 14 March, 2011 - African Development Bank (AfDB) President Donald Kaberuka has affirmed his institution’s strong commitment to enhancing regional integration and growth in Southern Africa. Addressing the media close to the end of a six-day official visit to the region, Dr. Kaberuka said the AfDB had done well in terms of the volume of its support to South Africa and the broader SADC region but still had to do more in view of the challenges that still abound.   Dr. Kaberuka, who was in South Africa at the invitation of Finance Minister, Pravin Gordhan, held...
11-Mar-2011

President Kaberuka Urges Deeper Fiscal Reforms in Swaziland

The President of the African Development Bank (AfDB) Group, Donald Kaberuka., was on Thursday, 10 March 2011, received in audience by his Majesty King Mswati III, the Prime Minister and members of the Swaziland economic team. Mr Kaberuka was in the country to confer with the authorities on the economic challenges facing the country, in particular the tough fiscal situation.   The President encouraged the authorities to quicken and deepen the pace of fiscal reforms by significant expenditure cuts and revenue generation. He observed that the newly adopted fiscal adjustment plan...
20-Apr-2010

2007 - Swaziland - Country Portfolio Performance Review Report

This Country Portfolio Performance Report (CPPR) highlights the performance of the Bank Group ongoing portfolio in Swaziland. The purpose of the report is to inform members of the Board of Directors and Bank Management on the performance of Bank Group’s on going operations in Swaziland and to make recommendations for improving the quality of the portfolio in order to achieve expected results. It also draws lessons for the design of future interventions in Swaziland. The report is based on key findings arising out of the CPPR mission undertaken during the period 3-10 May 2008. It is...