Articles tagged with "Central Bank of Eswatini"
Letshego Granted Provisional License to Launch Digital Bank in EswatiniMbabane, Eswatini – The Central Bank of Eswatini (CBE) has officially announced the issuance of a provisional banking license to Letshego Eswatini Bank in-organisation (LEB), marking a significant milestone in the expansion of Eswatini’s digital financial landscape. Currently operating as Letshego Financial Services Eswatini, the institution has been greenlit to transition into a fully operational […]
Staff Reporter
AFI CEO Engages Eswatini Financial Sector on Advancing Financial InclusionMbabane – Dr. Alfred Hannig, Executive Director and CEO of the Alliance for Financial Inclusion (AFI), has commended Eswatini’s financial sector stakeholders for their continued commitment to advancing financial inclusion. Dr. Hannig met with members of AFI working groups in the country, where he received updates on current initiatives and shared insights on overcoming remaining […]
Staff Reporter- Central Bank of Eswatini Keeps Discount Rate Steady Amidst Economic Review
Mbabane – Following a comprehensive review of prevailing economic conditions, the Central Bank of Eswatini (CBE), together with the Monetary Policy Consultative Committee (MPCC), opted to maintain the discount rate at 7.50 per cent. The decision was announced during the Monetary Policy Statement on 28th March 2024, after careful consideration of global, regional, and domestic […]
Staff Reporter - Central Bank Announces Commencement of Diamond Africa Scheme Liquidation Fund Distribution
In a significant development, the Central Bank of Eswatini notifies depositors about the initiation of fund disbursements in connection with the Diamond Africa scheme. This comes following the detailed Schedule of Steps provided by the liquidators, PriceWaterhouse Coopers (South Africa). Depositors are informed that the disbursement of their claims will begin during the week commencing […]
Staff Reporter - Central Bank of Eswatini partners with Deutsche IT Company to explore digital currency
The Central Bank of Eswatini (formerly Swaziland) will partner with international technology group Giesecke+Devrient (G+D) to research and explore the development of a Central Bank Digital Currency (CBDC) – an electronic form of money for the Kingdom of Eswatini. Both parties signed an agreement to this effect at last week’s annual meeting of the International […]
Staff Reporter