Business

Mbabane – The Minister of Commerce, Industry and Trade, Hon. Manqoba Khumalo, has welcomed a delegation from Viettel Global Company, a leading Vietnamese multinational with investments across Africa and beyond. The team, led by Mr. Tran Van Tra, paid a courtesy visit to the Minister to discuss potential avenues for collaboration and investment in the […]

Mbabane – The Minister of ICT, Hon. Savannah Maziya, delivered a powerful keynote address yesterday at the MTN Unique Contributors Ceremony, calling on citizens and stakeholders to adopt a culture of excellence while driving innovation, connectivity, and people-first solutions. Minister Maziya emphasized that this spirit of excellence is central to the Kingdom of Eswatini’s journey […]

MBABANE – The Chief Executive Officer of the Eswatini Tourism Authority (ETA), Vusi Dlamini, presented the organization’s highly anticipated 2024 Annual Research Report during a media briefing held at the Mountain View International Hotel this morning. The comprehensive report, which provides critical insights into the Kingdom’s tourism sector performance throughout 2024, represents a significant milestone […]

Siphofaneni, Eswatini — A wave of local economic upliftment has swept through Siphofaneni following the official opening of a new Hungry Lion franchise, which has already employed twenty Emaswati. The announcement was made by the Minister of Commerce, Industry and Trade, Hon. Manqoba Khumalo, during a ribbon-cutting ceremony that marked the fast-food chain’s expansion into […]

Sthobelweni, Eswatini — Under the banner of this year’s inspiring theme “Connecting at the Roots,” MTN Eswatini’s 2024 Y’ello Care campaign continues to deliver tangible impact—this time, with a powerful transformation in Sthobelweni. In a joint effort with the Ministry of Public Works & Transport, the CEO’s Office Y’ello Care Team led an infrastructural intervention […]

At the 2025 CIC Stakeholder Forum, held on June 19th and streamed live from Esibayeni Lodge, industry leaders emphasized a new urgency: turning policy into practice for climate‑resilient construction across Eswatini. The forum’s central theme, “Adapting to Climate‑Resilient Construction Practices in the Built Environment,” took on renewed relevance as speakers called for immediate steps toward […]

Mbabane, 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 […]

Catch the Minister of Finance, Hon. Neal Rijkenberg, as he breaks down the recently tabled and passed loan bills in Parliament. In this in-depth update, the Minister explains what these financial decisions mean for Eswatini’s economy—covering their purpose, long-term impact, and how they align with national development goals. Stay informed on how your government is […]

Manzini, Eswatini – EswatiniBank’s ShareSha digital wallet has emerged as a leading force in financial inclusion, facilitating over E135 million in transaction volumes since its launch. The innovative mobile wallet, introduced to drive seamless financial services across the country, is gaining strong traction, especially in underserved areas. According to EswatiniBank Managing Director Nozizwe Mulela, the […]

LOBAMBA – The Eswatini National Petroleum Company (ENPC) has clarified the E3 billion difference between the final E5.2 billion cost and the initially quoted E2.2 billion for the country’s Strategic Oil Reserve project. Acting CEO of ENPC, Musa Shongwe, told Parliament that the initial E2.2 billion was an engineer’s cost estimate based on preliminary, “ready-for-tender” […]

Mbabane – The African Development Bank (AfDB) Group has officially opened its 2025 Annual Meetings in Abidjan, Côte d’Ivoire, as African nations—including Eswatini—navigate rising economic uncertainty, global trade tensions, and shifting development finance trends. Running from May 26 to 30, the meetings have drawn over 6,000 high-level participants, including African Heads of State, central bank […]

Mbabane – RFG Holdings has delivered a resilient performance in the Southern African region for the six months ending March 2025, with Eswatini playing a key role in its growth story. The company reported continued gains in both revenue and market confidence, despite the broader economic challenges affecting the food production and distribution sectors. The […]

MBABANE, 21 May 2025 – The Eswatini Competition Commission has granted unconditional approval to two landmark transactions that will reshape ownership in the country’s dairy and information-technology sectors. The Technical Committee of the Board of Commissioners, having carefully evaluated both deals for competition and public interest effects, raised no objections and imposed no conditions. Local […]

Manzini, May 16, 2025 – The Minister of Commerce, Industry and Trade, Manqoba Khumalo, officially inaugurated the preparations for the 57th Eswatini International Trade Fair (EITF) today at the Mavuso Trade and Exhibition Centre. Organized by the Eswatini Investment Promotion Authority (EIPA), this year’s fair is themed “Digital Transformation 2.0: Creating Business Networks.” In his […]

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 […]

Ezulwini, — The Kingdom of Eswatini yesterday closed its first-ever Investment Conference with resounding success, as delegates pledged more than E37 billion toward both new ventures and expansions across key sectors. The landmark event—hosted by the Eswatini Investment Promotion Authority (EIPA) in partnership with the African Continental Free Trade Area (AfCFTA) Secretariat, the International Trade […]

In a landmark move to regulate Eswatini’s real estate sector, the Ministry of Natural Resources and Energy has introduced a groundbreaking Property Valuation Bill 2025. The proposed legislation seeks to streamline property valuation practices, establish uniform standards, and boost investor confidence through enhanced transparency and professionalism. A Framework for Fair and Standardized Valuation For years, […]

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 (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 […]