Ex-IDCE CEO gets Africa recognition
MBABANE – Former Chief Executive Officer (CEO) of the Industrial Development Company of Eswatini (IDCE), Phiwayinkosi Ginindza has been recognised by AADFI for his service in the industrial development sector in the continent.
AADFI is the Association of African Development Finance Institutions. Ginindza served at the IDCE until mid-2020, when his contract came to an end. A statement from AADFI indicated that Ginindza served on its Board as an alternative representative and a representative for Southern Africa from 2019 to 2020.
“As the IDCE CEO, he hosted and provided material and financial support for the organisation. He regularly participated in the AADFI Board meetings, general assemblies, and CEO Forum.
Ensured
He ensured regular participation of staff from his institution in the association’s capacity building activities,” reads a statement from AADFI.
Ginindza is a highly experienced administrator. Besides his work with the IDCE and AADFI, he also served at the CEO of the then Swaziland Investment Promotion Authority (SIPA) and Lidwala Insurance. He also served in the domestic markets wing at the Central Bank of Eswatini (CBE), over and above serving in various
Boards locally. Interviewed on his prestigious award, Ginindza said he was happy that his efforts were being recognised by a reputable organisation as the AADFI. “I greatly appreciate the Chairman and Board of AADFI for recognising my contributions towards economic development in the continent. “This is greatly encouraging,” he said.As if to launch a parting shot, Ginindza added that “a human being can benefit from someone else’s efforts, but God would not. To Him be the Glory,” he said.
Ginindza led the IDCE for three years between 2017-2020.
He left the organisation amicably, after reaching an agreement with the Board.
AADFI is an umbrella organisation for development finance institutions in Africa, created under the auspices of the African Development Bank in 1975.
Objectives
The objectives of the AADFI are to stimulate co-operation for the promotion and financing of sustainable development in Africa, and to encourage the process of economic integration in the continent.
AADFI has over 80 member institutions made up of national, regional, and multilateral development finance institutions in Africa, and from other continents engaged in development finance activities in Africa.
IDCE’s mission, meanwhile, is to facilitate sustainable economic growth through the provision of development finance to all sectors of Eswatini’s economy. The company is responsible for promoting and facilitating the economic development of the Kingdom and to enable opportunities for the development of new, existing, industrial, commercial and agricultural business undertakings.