Staff Reporter

EswatiniBank and SEDCO Join Forces to Drive MSME Growth

EswatiniBank and the Small Enterprise Development Company (SEDCO) have signed a strategic partnership designed to bolster the growth of micro, small, and medium enterprises (MSMEs) in the country. The signing ceremony, held at EswatiniBank’s headquarters, showcased a shared commitment to providing local entrepreneurs with the financial support and business development services they need to thrive. […]

Nedbank Africa Regions Maintains Solid Performance, Restructures for Future Growth

Nedbank Africa Regions (NAR) has reported a robust performance for the financial year ended December 31, 2022, underscoring the bank’s ability to navigate challenging market conditions across the continent. NAR’s headline earnings reached E447 million, representing a 14% increase from the previous year. The results come as Nedbank Group overall posted an 8% rise in […]

954 USAID Employees Set to Lose Jobs, Says Prime Minister

Nearly one thousand employees under USAID-funded programs in Eswatini are facing job losses following a reduction in United States funding. Prime Minister Russell Mmiso Dlamini revealed this figure during a session of the Ministry of Health’s portfolio committee yesterday, highlighting the far-reaching impact of the funding cuts on the country’s non-governmental organizations (NGOs). Government Analysis […]

Eswatini Embraces Green Technology to Drive Industrialization

Eswatini’s government has reaffirmed its commitment to sustainable development by integrating green technology into the country’s industrialization agenda. Prime Minister Russell Mmiso Dlamini announced the plan on Monday following a meeting with the Director and Regional Representative of the United Nations Environment Programme (UNEP) Africa Office, Dr. Rose Mwebaza. During the courtesy call at the […]

Scholarship Threat for Students Critical of Government Sparks Heated Parliamentary Debate

A heated debate erupted in Parliament yesterday during the Ministry of Labour and Social Security’s portfolio committee session, where a proposal was made to withdraw government scholarships from students who publicly criticize or speak ill of the government and the monarchy. Call to Protect National InterestsMbabane East Member of Parliament (MP) Welcome Dlamini stirred controversy […]

Finance InFocus: Government Cashflow

King Mswati III Empowers 12 Cooperatives with E15Million Investment

Madlangempisi, Eswatini – In a significant move aimed at bolstering local economic development, His Majesty King Mswati III has officially handed over projects valued at E15Million to 12 cooperatives operating under the Madlangempisi Inkhundla. Funded through the Regional Development Fund (RDF), the initiative is set to bring transformational change to the region by equipping the […]

Over 2 Million for Mbabane Social Centres Sponsored by eBet

Mbabane, Eswatini – In a significant boost to community welfare, eBet has pledged a sponsorship exceeding 2 million Eswatini Emalangeni for social centres across Mbabane. The sponsorship, valued at E60,000 monthly for the next three years, is set to benefit six social centres in the city, promising improved support and services for vulnerable communities. The […]

Madlangempisi Officially Declared a Town, Ushering in New Era of Growth

Madlangempisi, Eswatini – In a historic move poised to usher in a new era of development, His Majesty King Mswati III has officially proclaimed Madlangempisi a town. The declaration, made during a visit to the Inkhandla, was met with enthusiastic applause from local residents and leaders who have long anticipated the area’s transformation. Local officials […]

Eswatini VAT Refunds May Change Following South African Rate Hike

MBABANE – Eswatini may be forced to review its value-added tax (VAT) refund procedures at the border following South Africa’s proposed VAT increase. This was confirmed by Eswatini Revenue Service (ERS) Commissioner General Brightwell Nkambule. South Africa has proposed raising its VAT rate by 2%, from 15% to 17%, effective April 1, 2025. This move […]