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Ministry of Economic Planning and Development and World Bank Collaborate on Growth Study
Staff Reporter · 4 April 2024
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Staff Reporter · 4 April 2024
Business Eswatini has embarked on a collaborative effort with the International Labour Organization (ILO) to explore the implementation of a national minimum wage in the Kingdom. This initiative comes in response to a request made by the Ministry of Labour and Social Security to the ILO in December 2022. At present, Eswatini lacks a national […]
Staff Reporter · 4 April 2024
Standard Bank Eswatini has pledged a significant contribution of E330,000 to the upcoming national choral music competition, known as the ‘Standard Bank Choral Music Championship.’ The event, scheduled for May 23rd at the Esibayeni Lodge, aims to celebrate the rich heritage of choral music in Eswatini. The announcement was made by Standard Bank’s Chief Executive, […]
Staff Reporter · 4 April 2024
Nedbank Eswatini Limited has released its year-end results for 2023, showcasing a robust performance amidst a challenging economic landscape. The bank’s comprehensive financial overview reveals significant growth and strategic focus on key areas driving its operations. Financial Highlights: Statement of Comprehensive Income: Statement of Financial Position: Operational Insights: Future Outlook: Conclusion:Nedbank Eswatini’s 2023 performance underscores […]
Staff Reporter · 3 April 2024
In a decisive move aimed at ending the era of inflated tender prices, the Eswatini Public Procurement Regulatory Agency (ESPPRA) has released a comprehensive 713-page document detailing market price references for common-use items. The initiative, valued at E10 billion annually, seeks to streamline public tenders and curb excessive spending on government supplies. The exhaustive report, […]
Staff Reporter · 29 January 2024
Eswatini – Today marked a day of joy and excitement as the last draw winners of the festive season competition, #ChooseEswatini Fill Up With Momo at TotalEnergies, were awarded their prizes. The delighted winners expressed their happiness as Simphiwe Ngubeni, the Acting CEO of ETA, presented a range of prizes, including Momo, TotalEnergies, accommodation, lunch, […]
Staff Reporter · 6 January 2024
The Royal Villas in Ezulwini served as the vibrant backdrop for the Eswatini National Provident Fund’s (ENPF) dynamic “Kick Off Meeting,” heralding the commencement of a new year with invigorated purpose and motivation. The event brought together ENPF staff, creating an atmosphere of excitement and anticipation. Amidst interactive sessions crafted to stimulate fresh perspectives and […]
Staff Reporter · 6 January 2024
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 · 4 January 2024
A total of 49 individuals, comprising 36 men and 13 women, boldly invested amounts exceeding E1 million each in ESW Investment Group (formerly Ecsponent Eswatini Pty Ltd). The collective investment pool, including 1,400 individuals and entities, reached a staggering E406,932,055.55. However, the narrative took a grim turn as allegations of fraudulent transfers emerged, leaving investors […]
Staff Reporter · 2 January 2024
In a recent development, SNG Grant Thornton has been earmarked to provide external audit services for the Sincephetelo Motor Vehicle Accident Fund (SMVAF). The intention to award tender, as published by the Eswatini Public Procurement Regulatory Agency (ESPPRA), indicates a proposed contract price of E2,487,982.11 for the audit services. Competitive Tendering Victory SNG Grant Thornton […]
Staff Reporter · 2 January 2024
In the backdrop of a global surge in food inflation, Eswatini’s economic landscape witnessed fluctuations in headline inflation throughout 2023, impacting local economies, communities, and individuals on a substantial scale. Overall Inflation Trends Eswatini’s headline inflation for the majority of 2023 aligned closely with projections from the Central Bank of Eswatini (CBE), fluctuating between four […]
Staff Reporter · 2 January 2024
The World Bank Group has approved a $75 million loan for the Government of the Kingdom of Eswatini to accelerate post-COVID-19 economic recovery. The Economic Recovery Development Policy Loan II is the second in a programmatic series of two operations to support Eswatini’s economic reform program and generate a more resilient and inclusive economy. The […]
Staff Reporter · 6 May 2023
The Ministry of Economic Planning and Development, through its Macroeconomic Analysis and Research Unit, joined forces with the World Bank to unveil the findings of a comprehensive study titled “Eswatini in Search of the Drivers for Inclusive Growth.” The presentation of this study marks a pivotal moment in shaping Eswatini’s economic trajectory by identifying key […]
Business Eswatini has embarked on a collaborative effort with the International Labour Organization (ILO) to explore the implementation of a national minimum wage in the Kingdom. This initiative comes in response to a request made by the Ministry of Labour and Social Security to the ILO in December 2022. At present, Eswatini lacks a national […]
Standard Bank Eswatini has pledged a significant contribution of E330,000 to the upcoming national choral music competition, known as the ‘Standard Bank Choral Music Championship.’ The event, scheduled for May 23rd at the Esibayeni Lodge, aims to celebrate the rich heritage of choral music in Eswatini. The announcement was made by Standard Bank’s Chief Executive, […]
Nedbank Eswatini Limited has released its year-end results for 2023, showcasing a robust performance amidst a challenging economic landscape. The bank’s comprehensive financial overview reveals significant growth and strategic focus on key areas driving its operations. Financial Highlights: Statement of Comprehensive Income: Statement of Financial Position: Operational Insights: Future Outlook: Conclusion:Nedbank Eswatini’s 2023 performance underscores […]
In a decisive move aimed at ending the era of inflated tender prices, the Eswatini Public Procurement Regulatory Agency (ESPPRA) has released a comprehensive 713-page document detailing market price references for common-use items. The initiative, valued at E10 billion annually, seeks to streamline public tenders and curb excessive spending on government supplies. The exhaustive report, […]
Eswatini – Today marked a day of joy and excitement as the last draw winners of the festive season competition, #ChooseEswatini Fill Up With Momo at TotalEnergies, were awarded their prizes. The delighted winners expressed their happiness as Simphiwe Ngubeni, the Acting CEO of ETA, presented a range of prizes, including Momo, TotalEnergies, accommodation, lunch, […]
The Royal Villas in Ezulwini served as the vibrant backdrop for the Eswatini National Provident Fund’s (ENPF) dynamic “Kick Off Meeting,” heralding the commencement of a new year with invigorated purpose and motivation. The event brought together ENPF staff, creating an atmosphere of excitement and anticipation. Amidst interactive sessions crafted to stimulate fresh perspectives and […]
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 […]
A total of 49 individuals, comprising 36 men and 13 women, boldly invested amounts exceeding E1 million each in ESW Investment Group (formerly Ecsponent Eswatini Pty Ltd). The collective investment pool, including 1,400 individuals and entities, reached a staggering E406,932,055.55. However, the narrative took a grim turn as allegations of fraudulent transfers emerged, leaving investors […]
In a recent development, SNG Grant Thornton has been earmarked to provide external audit services for the Sincephetelo Motor Vehicle Accident Fund (SMVAF). The intention to award tender, as published by the Eswatini Public Procurement Regulatory Agency (ESPPRA), indicates a proposed contract price of E2,487,982.11 for the audit services. Competitive Tendering Victory SNG Grant Thornton […]
In the backdrop of a global surge in food inflation, Eswatini’s economic landscape witnessed fluctuations in headline inflation throughout 2023, impacting local economies, communities, and individuals on a substantial scale. Overall Inflation Trends Eswatini’s headline inflation for the majority of 2023 aligned closely with projections from the Central Bank of Eswatini (CBE), fluctuating between four […]
The World Bank Group has approved a $75 million loan for the Government of the Kingdom of Eswatini to accelerate post-COVID-19 economic recovery. The Economic Recovery Development Policy Loan II is the second in a programmatic series of two operations to support Eswatini’s economic reform program and generate a more resilient and inclusive economy. The […]
