Business

Sector Breakdown – How E37 Billion in New and Expansion Projects Will Transform Eswatini

In Eswatini’s inaugural Investment Conference, 11 cornerstone projects totaling E37 billion were unveiled. Below is a sector-by-sector look at the investments set to drive growth and job creation: # Investor/Company Sector Project Description Value Status 1 Ubombo Sugar Ltd. Agriculture & Energy Expand sugar mill to absorb additional cane from LUSIP II; add biomass cogeneration [ ]

By Staff Reporter

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Sector Breakdown – How E37 Billion in New and Expansion Projects Will Transform Eswatini

In Eswatini’s inaugural Investment Conference, 11 cornerstone projects totaling E37 billion were unveiled. Below is a sector-by-sector look at the investments set to drive growth and job creation:

#Investor/CompanySectorProject DescriptionValueStatus
1Ubombo Sugar Ltd.Agriculture & EnergyExpand sugar mill to absorb additional cane from LUSIP II; add biomass cogenerationE2.1 billionExpansion
2RES CorporationAgriculture, Energy & ManufacturingUpgrade sugar mills and lands; generate own power; produce retail alcohol & fuel ethanolE11.2 billionExpansion
3African Alliance GroupMultiple sectorsProcessing, residential & commercial property developmentE13.3 billionNew projects
4Kellogg TolaramFood ProcessingEswatini Noodle Plant Phase 2: add a flour-processing facilityE310 millionExpansion & new
5Big Bend TextilesManufacturingBuild a cotton ginnery & spinning mill for fabric & textile productionE4 billionNew project
6Magomba MiningEnergy & MiningAnthracite coal mining operation with renewable energy generationE1.4 billionNew & expansion
7FZ CapitalMultiple sectorsEstablish a corporate SEZ (Special Economic Zone) and offshore banking hubE1.5 billionNew projects
8VoltaliaRenewable EnergyInstall a 15 MW solar photovoltaic plantE450 millionNew project
9Sturdee EnergyRenewable EnergyInstall a 30 MW solar photovoltaic plantE750 millionNew project
10African Food SecurityCash-crop & Agro-processingDevelop cash-crop farms and build agro-processing facilitiesE1 billionNew project
11NsimbiMetal RecyclingBuild a metallurgical recycling plantE1 billionExpansion & new

Key Takeaways by Sector:

  • Agriculture & Agro-processing: E13.2 billion in expansions at Ubombo Sugar and RES Corporation promise higher yields and value-added production, while African Food Security’s new facilities will strengthen food-value chains.
  • Manufacturing & Textiles: Big Bend Textiles’ E4 billion investment and Kellogg Tolaram’s Phase 2 upgrade will modernize local processing capabilities, creating skilled jobs.
  • Energy & Mining: Magomba Mining’s integrated approach to anthracite extraction and renewable power, backed by Voltalia and Sturdee Energy’s combined E1.2 billion in solar projects, underscores Eswatini’s pivot toward a low-carbon future.
  • Finance & Services: FZ Capital’s SEZ and offshore banking hub, plus African Alliance Group’s mixed-use developments (E13.3 billion), signal growing confidence in Eswatini as a regional finance and real-estate centre.
  • Recycling & Sustainability: Nsimbi’s E1 billion metallurgical recycling plant will boost circular-economy efforts, reduce import dependence, and create green-tech opportunities.

Next Steps:
Government has pledged fast-track approvals, dedicated infrastructure corridors, and targeted skills-training programs—ensuring these projects translate into tangible economic growth and over 10,000 new jobs in the coming years. With these foundation investments in place, Eswatini is poised to chart a new chapter of diversified prosperity.

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