The Swaziland Investment Promotion Authority (SIPA) was created through an Act of Parliament, the Swaziland Investment Promotion Act 1998 and was formally launched in April of the same year. SIPA is a Category A Public Enterprise and is wholly funded by the Government of Swaziland, with initial assistance from the European Union.

SIPA's Mission is to:

"Promote and facilitate foreign direct and local investment in Swaziland, with the objective of creating the wealth necessary to enhance the Social and Economic Development of the Kingdom and its people."

The SIPA objectives are:

1. to attract, encourage, facilitate and promote local and foreign investment in Swaziland;
2. to initiate, coordinate and facilitate the implementation of government policies and strategies on investment;
3. to provide a one-stop information and support facility to local and foreign investors; and
4. to advise the Minister on investment policies, strategies, proposals and suitable incentives for investors.