Tuesday 2019-09-17

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ESWATINIBANK’S E110 000 ENACTUS BOOST

By Bahle Gama | 2019-09-12

The EswatiniBank has sponsored a sum of E110 000 to Enactus Eswatini.

The sponsorship will help contribute to traveling fees for the 2019 Enactus National Competition winners, SANU (Faculty of Health Sciences) who will be traveling to San Jose, California in the United States of America for the Enactus world cup championship to be held on September 16-18.

When handing over the cheque during an event held at the bank yesterday, EswatiniBank MD Zakhele Lukhele said one of the reasons the bank continued with the sponsorship was because the mandate and achievement of Enactus impacted positively in the development of the Kingdom’s socio-economic sphere.

“We are cognisant of the fact that youth unemployment is a serious problem and we need all possible interventions to curb it.

We believe Enactus Eswatini is significantly contributing towards that by engaging and imparting on students’ innovation and business principles to improve the world,” he said. He further stated that it was, therefore, imperative that youth entrepreneurship be supported and aggressively promoted.

 “The bank is proud to be associated with Enactus Eswatini and we wish them all the best as they continue with their important work.

We hope that our partnership will go a long way in fostering youth entrepreneurship,” he concluded.

Meanwhile, Enactus Eswatini Country Director Wonderboy Khumalo said they were thankful to Eswatini Bank for the sponsorship as it would continue to have significant impact to the intended beneficiaries, including many Alumni running competitive businesses that have provided employment opportunities even for others.

“I would like to thank Eswatini Bank leadership for finding it fit to partner with Enactus to roll out the program in the various tertiary institutions. As an organisation we are committed to seeing this program a success and creating value to the intended beneficiaries,’ he said.

He further extended an invite to the bank’s MD to join the next winning team in 2020 for the Enactus world cup championship.

He added that Enactus’ interventions contribute to both Vision 2022 and Sustainable Development Goals through harnessing the demographic divided in Eswatini.

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