The Government of Eswatini has made considerable effort towards developing the (Small and Medium Enterprises) SME sector since the early 2000s. Government has run programs ranging from capacity building to setting up developmental institutions providing financing and business development support to encourage performance of the sector. Despite this support, the performance of SMEs has fallen short of expectations of making meaningful impact on the socio-economic development of the country. This is mainly due to the many challenges that compromise the ability of SMEs to function and to contribute optimally to the economy. This Report seeks to provide a deeper understanding of the SME sector in Eswatini, using a variety of tools and methodologies to gain in-depth knowledge of the sector: policy, regulatory and supervisory landscape, demand-side data analysis and supply-side data analysis. The analysis seeks to facilitate the development of a Roadmap to stimulate the economy through SME development. The Roadmap will focus only on SMEs that have the highest potential for driving national growth, especially those in manufacturing, agriculture and services, which have been identified as key drivers to economic growth in the National Development Strategy (NDS) 1997 – 2022.