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Eswatini Remains on EU Grey List for Tax Purposes
Staff Reporter · 8 April 2024
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Staff Reporter · 8 April 2024
The Central Bank of Eswatini (CBE) has released its latest Economic Review and Inflation Report, signaling potential challenges ahead for the kingdom’s price stability. While inflation in 2023 remained lower than anticipated at 4.67 per cent, looming factors suggest a possible uptick in the coming year. One of the key concerns highlighted in the report […]
Staff Reporter · 8 April 2024
The National Maize Corporation (NMC) of Eswatini has announced the successful bidders for its recent tender to supply motor vehicles and electric forklifts, with Siyembili Motors trading as Leites Motors and Hyundai Eswatini emerging as the winners. The combined contracts total over E2.6 million.Leites Motors secured the bulk of the tender with a bid of […]
Staff Reporter · 8 April 2024
The International Monetary Fund (IMF) has released a technical assistance report highlighting key recommendations to strengthen financial sector stability in the Kingdom of Eswatini. The report focuses on enhancing regulations and establishing a Deposit Protection Fund (DPF) to protect bank depositors in case of a bank failure. One of the primary recommendations from the IMF […]
Staff Reporter · 8 April 2024
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 · 7 April 2024
Mbabane – The Central Bank of Eswatini has reinforced its Small-Scale Enterprise Loan Guarantee Scheme (SSELGS), aimed at facilitating lending to small and medium enterprises (SMEs) across the country. This initiative aims to mitigate financial risks for participating financial institutions, including commercial banks and eligible Non-Bank Financial Institutions (NBFIs), thereby encouraging increased lending to SMEs. […]
Staff Reporter · 7 April 2024
Vuvulane – Khulekani Msweli, a prominent local artist, designer, social entrepreneur, and activist, has initiated a crowdfunding campaign to establish the JEREMPAUL Lifestyle Centre in the Vuvulane area of Eswatini. The innovative project aims to breathe new life into the community by creating an environmentally sustainable hub constructed using upcycled materials such as rubble and […]
Staff Reporter · 7 April 2024
Malkerns – MTN Eswatini has announced a significant increase in its financial support for the 2024 MTN Bushfire Festival, injecting a total of E5 million into this year’s edition. This substantial investment marks a notable rise from last year’s contribution of E3 million, underscoring MTN’s unwavering commitment to the festival’s success and growth. Themed “Fire […]
Staff Reporter · 6 April 2024
History The Eswatini Post and Telecommunications Corporation (EPTC) traces its roots back to Act No. 11 of 1983, established as a category A public enterprise. In 2013, the act underwent revisions, leading to the establishment of an independent industry regulatory body, ESCCOM, all operating under the Ministry of ICT. Company Information EPTC, classified as a […]
Staff Reporter · 5 April 2024
Introduction In the heart of the Kingdom of Eswatini lies the Eswatini Electricity Company (EEC), a pivotal entity responsible for generating, transmitting, and distributing power across the nation. Established as a public company, EEC operates under the auspices of the Government of Eswatini, serving as a beacon of reliability and sustainability in the energy sector. […]
Staff Reporter · 5 April 2024
Introduction Nestled in the heart of Mbabane, Eswatini, the Eswatini Stock Exchange (ESE) stands as a beacon of economic empowerment and investment potential. Established in July 1990, the ESE was envisioned by Barnabas Sibusiso Dlamini, a former World Bank executive turned Prime Minister, to democratize the economy by allowing ordinary Swatis to become stakeholders in […]
Staff Reporter · 5 April 2024
After 13 years of dedicated service, Mr. Vusie N. Dlamini, the esteemed Director of Communications and Marketing at the Eswatini Revenue Service (ERS), bids farewell to the organization, leaving behind a legacy of transformative leadership and unwavering commitment. Dlamini’s journey with the ERS began on October 1, 2010, as one of the pioneering professionals hired […]
Staff Reporter · 4 April 2024
Eswatini– The recent update to the European Union’s list of non-cooperative jurisdictions for tax purposes has seen Eswatini maintaining its position on the Grey List, signifying ongoing concerns regarding tax governance in the country. While some movement was observed in the recent update, with various jurisdictions being removed from the lists, Eswatini remains on the […]
The Central Bank of Eswatini (CBE) has released its latest Economic Review and Inflation Report, signaling potential challenges ahead for the kingdom’s price stability. While inflation in 2023 remained lower than anticipated at 4.67 per cent, looming factors suggest a possible uptick in the coming year. One of the key concerns highlighted in the report […]
The National Maize Corporation (NMC) of Eswatini has announced the successful bidders for its recent tender to supply motor vehicles and electric forklifts, with Siyembili Motors trading as Leites Motors and Hyundai Eswatini emerging as the winners. The combined contracts total over E2.6 million.Leites Motors secured the bulk of the tender with a bid of […]
The International Monetary Fund (IMF) has released a technical assistance report highlighting key recommendations to strengthen financial sector stability in the Kingdom of Eswatini. The report focuses on enhancing regulations and establishing a Deposit Protection Fund (DPF) to protect bank depositors in case of a bank failure. One of the primary recommendations from the IMF […]
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 […]
Mbabane – The Central Bank of Eswatini has reinforced its Small-Scale Enterprise Loan Guarantee Scheme (SSELGS), aimed at facilitating lending to small and medium enterprises (SMEs) across the country. This initiative aims to mitigate financial risks for participating financial institutions, including commercial banks and eligible Non-Bank Financial Institutions (NBFIs), thereby encouraging increased lending to SMEs. […]
Vuvulane – Khulekani Msweli, a prominent local artist, designer, social entrepreneur, and activist, has initiated a crowdfunding campaign to establish the JEREMPAUL Lifestyle Centre in the Vuvulane area of Eswatini. The innovative project aims to breathe new life into the community by creating an environmentally sustainable hub constructed using upcycled materials such as rubble and […]
Malkerns – MTN Eswatini has announced a significant increase in its financial support for the 2024 MTN Bushfire Festival, injecting a total of E5 million into this year’s edition. This substantial investment marks a notable rise from last year’s contribution of E3 million, underscoring MTN’s unwavering commitment to the festival’s success and growth. Themed “Fire […]
History The Eswatini Post and Telecommunications Corporation (EPTC) traces its roots back to Act No. 11 of 1983, established as a category A public enterprise. In 2013, the act underwent revisions, leading to the establishment of an independent industry regulatory body, ESCCOM, all operating under the Ministry of ICT. Company Information EPTC, classified as a […]
Introduction In the heart of the Kingdom of Eswatini lies the Eswatini Electricity Company (EEC), a pivotal entity responsible for generating, transmitting, and distributing power across the nation. Established as a public company, EEC operates under the auspices of the Government of Eswatini, serving as a beacon of reliability and sustainability in the energy sector. […]
Introduction Nestled in the heart of Mbabane, Eswatini, the Eswatini Stock Exchange (ESE) stands as a beacon of economic empowerment and investment potential. Established in July 1990, the ESE was envisioned by Barnabas Sibusiso Dlamini, a former World Bank executive turned Prime Minister, to democratize the economy by allowing ordinary Swatis to become stakeholders in […]
After 13 years of dedicated service, Mr. Vusie N. Dlamini, the esteemed Director of Communications and Marketing at the Eswatini Revenue Service (ERS), bids farewell to the organization, leaving behind a legacy of transformative leadership and unwavering commitment. Dlamini’s journey with the ERS began on October 1, 2010, as one of the pioneering professionals hired […]
