Eswatini’s Untapped Potential in the Maritime Industry

Mbabane, Hhohho May 22, 2024 ¬†–¬†Eswatini, a landlocked country, is making significant progress in the maritime sector despite its geographical limitations. This development is part of a comprehensive strategy to leverage all available resources for economic growth and sustainability. While landlocked countries typically overlook the maritime industry due to the lack of direct sea access, Eswatini has adopted an innovative approach. The country has forged partnerships and agreements that enable it to register vessels under its flag, participate in international maritime trade, and benefit from the global shipping economy. This not only diversifies the economic base but also generates new revenue streams.

Eswatini’s maritime administration is actively exploring lucrative areas of the maritime industry, including shipping finance, maritime insurance, and ship registration. These sectors offer substantial revenue opportunities and can contribute significantly to the economic development of a developing country like Eswatini. The maritime sector also presents opportunities for education and training, empowering Eswatini citizens to pursue careers in various maritime fields. This not only fosters innovation and employment but also reduces unemployment, thereby strengthening the national economy. The benefits extend beyond economic growth to include enhanced diplomatic relations. By engaging in the maritime sector, Eswatini can engage with stakeholders, coastal states, and international maritime organizations, fostering increased international cooperation and geopolitical influence. In summary, Eswatini’s pursuit of opportunities in the maritime sector is an innovative approach to overcoming geographical challenges. By strategically positioning itself within the industry and setting an example for other landlocked nations, Eswatini is expanding its economic horizons and opening up new avenues for growth.

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Source :Eswatini Maritime Affairs