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Letshego Granted Provisional License to Launch Digital Bank in Eswatini
Staff Reporter · 19 June 2025
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Minister Rijkenberg Unpacks Loan Bills Passed in Parliament: What They Mean for Eswatini’s Economic Future
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 […]
Staff Reporter · 18 June 2025
Business
EswatiniBank’s ShareSha Wallet Surpasses E135 Million in Transactions
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 […]
Staff Reporter · 18 June 2025
Business
Oil Reserve Clarification: ENPC Explains E3 Billion Gap in Strategic Fuel Reserve Budget
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” […]
Staff Reporter · 31 May 2025
Business
AfDB 2025 Annual Meetings Begin Amid Global Economic Shifts
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 […]
Staff Reporter · 26 May 2025
Business
RFG Group Maintains Strong Regional Momentum Despite Economic Pressures
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 […]
Staff Reporter · 26 May 2025
Business
Competition Commission Unconditionally Clears Major Acquisitions in Agriculture and ICT
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 […]
Staff Reporter · 21 May 2025
Business
Manqoba Khumalo Launches 57th Eswatini International Trade Fair in Manzini
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 […]
Staff Reporter · 16 May 2025
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 […]
Staff Reporter · 16 May 2025
Business
Eswatini’s Inaugural Investment Conference Secures Over E37 Billion in Pledges
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 […]
Staff Reporter · 16 May 2025
Business
New Property Valuation Bill to Bring Order, Transparency
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, […]
Staff Reporter · 6 March 2025
Business
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. […]
Staff Reporter · 6 March 2025
Business
Letshego Granted Provisional License to Launch Digital Bank in Eswatini
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 […]
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