Housing Finance in Eswatini


This profile is also available in French here.

To download a pdf version of the full 2020 Eswatini country profile, click here.

The Kingdom of Eswatini is a landlocked country in Southern Africa, bordered by South Africa and Mozambique. It is one of the smallest countries on the continent with a population of just over 1.1 million. The economy is dominated by manufacturing and services industries, with about 75 percent of the population living in rural areas. Eswatini has been affected by the effects of COVID 19 pandemic, and this has caused various challenges in the socio-economic activities expected through 2021.Given the country’s dependency and strong economic links to South Africa, the performance of the South African economy amidst the COVID-19 pandemic will detect Eswatini’s growth and recovery.

Housing delivery on behalf of the government of the Kingdom of Eswatini is delegated to the Eswatini Housing Board (EHB). The EHB was appointed by the government to implement a phased housing programme to finance, construct and manage housing units for civil servants. The EHB also manages and leases residential estates. Although mandated to provide housing finance, EHB is constrained financially.

Housing supply is affected by difficulty in sourcing construction materials and price hikes for materials such as cement and steel. The construction sector’s economic contribution has remained negative in recent years and has worsened amid the pandemic. Consequently. COVID-19 is likely to have an adverse impact on the property market and by extension (private and public) construction and housing delivery.

There are opportunities to partner or invest in institutions such as EHB to meet Eswatini’s housing needs. The dynamic microfinance sector and high number of Savings and Credit Co-Operative Societies (SACCOS) in the country also means there is potential to leverage these institutions to finance incremental housing.

Find out more information on the housing finance sector of Eswatini, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2020 edition, which has up-to-date profiles for 55 African countries.

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