Eswatini Delegation Conducts Benchmarking Exercise at Seychelles Pension Fund
VICTORIA, Seychelles — A 13-member delegation from the Kingdom of Eswatini was at the Seychelles Pension Fund yesterday on a crucial benchmarking mission to learn about the transformation of the Seychelles National Provident Fund into the current Seychelles Pension Fund and its best practices. The visit was the third by an Eswatini delegation to the Seychelles Pension Fund (SPF) to gain expertise on how to convert the country’s provident fund into a fully-fledged pension system.
The high-level delegation led by the Kingdom’s Minister for Labour and Social Security, Phila Buthelezi, comprised government officials, members of parliament, the Senate as well as members of the Eswatini National Provident Fund. In his opening remarks, Minister Buthelezi said the visit underscored the Kingdom’s strategic move to modernise its own national provident fund system by transitioning it into a comprehensive pension scheme.
The exercise reflects growing interest from African nations in studying the Seychelles pension model, which is widely regarded as one of the more advanced social security systems in the region. The benchmarking mission covered areas such as investment strategy, governance, member services, and the legal framework underpinning the fund. The SPF team provided detailed presentations and shared lessons learned from the transformation process, with discussions focusing on how Eswatini can adapt these practices to its own national context.
