Eswatini

Eswatini (formerly Swaziland) is a small, landlocked monarchy bordered by South Africa and Mozambique. The economy is closely tied to South Africa through SACU customs revenue (which provides approximately 50% of government revenue) and the currency peg (lilangeni = rand). Key sectors include sugar production (one of Africa's largest), soft drink concentrate manufacturing (Coca-Cola subsidiary), textiles (AGOA beneficiary), and forestry. Tourism centered on wildlife reserves and cultural experiences is growing. Challenges include high HIV/AIDS prevalence, political concerns regarding democratic governance, youth unemployment, and economic dependence on South Africa.