Local Economic Development

Local Economic Development

LED is a participatory process in which local citizens from all sectors work together to stimulate local commercial activity, resulting in a resilient and sustainable economy. It is a way to help create jobs and improve the quality of life for everyone, including the poor and marginalized. Local economic development encourages the public, private, academic and civil-society sectors to establish partnerships and collaboratively find local solutions to common economic challenges. As the Municipality we seek to forge a partnership with our stakeholders for economic development in Mbabane. LED encourages the public, private, academic and civil-society sectors to establish partnerships and collaboratively find local solutions to common economic challenges.

Background

2002 LED strategy was put in place

2012 Review of the strategy through a consultative process

2013 Roll out LED Strategy + Implementation

LED Strategy key priorities

• To attract investment to Mbabane in retail, real estate, manufacturing and business-support services

• To encourage the establishment of new small businesses

• To assist existing businesses to survive and expand

• To raise the profile of Mbabane to investors and tourists

• To provide a range of industrial/commercial sites and premises

• To stem the leakage of expenditure from the city in terms of goods and services sourced outside the country To speed up property development projects, both industrial and residential

• To improve the skills of the workforce