EswatiniBank has filed its application for accreditation to the Green Climate Fund (GCF), disclosing a portfolio of more than E210.8 million (€10.75 million) committed to green projects over the past three years, the Eswatini Financial Times reports.

Managing Director Nozizwe Mulela made the announcement at an official event held on 19 March 2026 at Farm 443 in Malagwane, framing the accreditation bid as a pivotal step in the development bank's strategy to place green financing at the core of its operations.

Investments deployed to date cover climate-resilient irrigation systems under the LUSIP II programme, renewable energy technologies, protected agricultural infrastructure, environmentally controlled livestock and poultry facilities, and sustainable potable water systems.

Mulela said: "Over the past three years, the bank has invested over E210.8 million in green projects. Green financing remains one of our key priorities. Today is not only about reflecting on our progress but also about inviting collaboration. As we build on 60 years of impact, we look forward to partnering with government, private sector, and civil society in shaping the next phase of sustainable development."

Following the GCF application, EswatiniBank will develop a five-year concept paper centred on bankable projects aligned with Eswatini's Nationally Determined Contributions (NDCs). Priority areas include renewable energy development, sustainable agriculture, water resource management, biodiversity conservation, climate resilience infrastructure, and sustainable transport solutions. Mulela indicated the concept paper would be shaped through stakeholder consultation, describing their insights and expertise as "critical to our shared success."

The GCF, established under the United Nations Framework Convention on Climate Change, directs climate finance from developed to developing nations to support adaptation and mitigation efforts. Accreditation would grant EswatiniBank direct access to that funding pipeline, materially expanding the capital available for green project delivery across the kingdom.

Read the full account of EswatiniBank's GCF accreditation bid and its implications for Eswatini's sustainable development agenda in the complete story.