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    Swaziland promotes SADC cross-border investment

    The Swaziland Investment Promotion Authority (SIPA) plans to host a series of business seminars aimed at encouraging cross-border trade and investment in the Southern African Development Community (SADC) region, says Phiwayinkosi Ginindza, SIPA's chief executive officer.

    The first seminar was held early last week at the Draftfcb Building in Sandton, focusing on investment and business in Swaziland while examining the pharmaceuticals industry.

    Swaziland has managed to boost its economy by drawing in investments from multinationals such as Cadbury Schweppes, YKK Zippers and Coca-Cola; illustrating the variety of opportunities available for investments.

    Ginindza says that promoting cross-border investments can have positive spin offs in terms of promoting regional political stability. He believes that regional cooperatives can go a long way in creating a strong economy for the Southern African Development Community region.

    “Our government supports the initiatives to strategically advance regional industry development and a number of incentives have been developed to benefit foreign companies setting up in Swaziland,” he adds.

    SIPA will also be participating at the National Electronics Week South Africa 2010 where they will be exhibiting and participating in the conference.

    Swaziland's investment programme aims to act as a catalyst for regional industry development.

    For more information, go to http://www.sipa.org.sz/.

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