Let Our Journey Inspire You
d
UNISWA Foundation Extras

Frequently Asked Questions (FAQs)

  • The Foundation serves as a conduit for galvanizing broad support and mobilizing the proactive involvement of various stakeholders in the professional growth of Swaziland.
  • The Foundation is not a grant-awarding organization; to the contrary, it solicits grants aid and enters into grant agreements with various corporate entities and grant-giving agencies.
  • The Foundation is fully funded through an annual budget allocation availed by the University of Swaziland. At the start of a financial year running from 1st April to 31st March each year, the Foundation presents an annual budget discussed and approved by the Board. This also covers staff remuneration.
  • There are two tiers of funds that the Foundation receives, designated and undesignated funds. The former which is approximately 95% or more, is channeled directly towards specific projects under the six key strategic initiatives. The latter currently constitutes a minute proportion and is invested in line with resolutions of the Board of Trustees on investments and endowment funds.read more
  • The Foundation is an independent and legally registered organization which can sue or be sued. It can be considered as a subsidiary organization of UNISWA or an organization within an organization. Operationally, it enjoys semi-autonomous status from UNISWA, while at governance level, oversight is jointly provided by independent trustees and some members of UNISWA's executive management. For more see Memorandum of Understanding (MOU)
  • There are several mechanisms that are in place to foster accountability. These include prudent financial management and strict compliance with procurement procedures and donor requirements. Furthermore, internal audit conducted on a regular basis. The internal audit department reports directly to the Vice Chancellor of UNISWA. External audit is carried out annually by the auditors of the Foundation, KPMG.read more
  • The fundraising direction of the Foundation is defined by the auspices of the six key strategic initiatives. These initiatives are derived from the strategic plan of UNISWA. They include the massive Capital Campaign for infrastructural development (CC), the Hub of African modern agriculture (HAMA), the upgrading of the ICT infrastructure (ICT), the Business Development Centre (BDC), the Tree of Prominence and Prosperity (TTPP), the Institutional Fund for Academic Advancement (IFAA) .read more
  • The Chief Executive Officer presents annual performance targets for consideration to the Board of Trustees. In response, the Board takes into account a confluence of factors such as the requirements of UNISWA for growth and expansion, prevailing economic climate, budgetary constraints and the human resource capacity of the Foundation.

Resources

Tel: (00268) 2518-7822
(00268) 2518-4389
Fax: (00268) 2518-4911
(00268) 2518-5276
UNISWA Foundation
Kwaluseni, M201
Kingdom of Swaziland