Eswatini Financial Times
ESE market capitalisation hits E6.9 billion mark
The Eswatini Stock Exchange (ESE) market capitalisation has reached E6.9 billion following the official listing of AGSPAC, a new company that debuted with an issued share capital of 11 million shares. AGSPAC was officially listed on the ESE after a...
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‘Inyatsi Leadership Forum 2026’
Members of Inyatsi Group Holdings Executive Committee and Executive Chairman Michelo Shakantu during the three-day leadership summit held at Royal Villas.
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E13bn investment shapes Eswatini’s growth path for 2026
Eswatini’s economic outlook for 2026 is being shaped by the E13 billion in new loans signed in 2025, with the borrowing expected to influence growth performance and fiscal space in the medium term. Economic growth is projected to moderate to about 4.3...
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CBE urges households to pursue fiNANCIAL FrEEDOM, Cut DEBt
The Central Bank of Eswatini has urged households to prioritise financial discipline and reduce personal debt at the start of the year, warning that rising stop orders and excessive borrowing are steadily eroding disposable incomes and undermining...
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▲His
Majesty King Mswati III receiving tetfulo from Inyatsi Group Holdings led by Managing Directors from the Group’s subsidiaries. Also joining the Group is the Minister for Foreign Affairs and International Cooperation Senator Pholile Shakantu. His...
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ARTS
Minister for Sports, Culture and Youth Affairs Bongani Nzima, Genesis Ekucaleni Media Executive Producer and Founder, Senator Pholile Shakantu and Minister for Information, Communications and Technology Savannah Maziya during the screening of the first...
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The Mbondzela resettlement
was recently demonstrated through the official handover of four newly constructed housing units to two families, officiated by the honourable Minister for Natural Resources, Prince Lonkhokhela on 04 December 2025. This milestone signals tangible...
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Global Fund injects over E55 mln into Eswatini’s shift from CMS to EMSA
A further E26.1 million has been allocated for complete digitisation of the national supply chain, bringing the total to E60.3 million. Global Fund Executive Director Peter Sands said the supply-chain overhaul was essential for eliminating bottlenecks...
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Eswatini breaks 114-year SACU leadership streak
Eswatini has made history with the appointment of Dumisani Masilela, former Commissioner General of the Eswatini Revenue Service (ERS), as the new Executive Secretary of the Southern African Customs Union (SACU). The announcement was delivered by...
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Wage bill rises to 36% of govt expenditure
ESpeaking during the Finance in Focus segment, Rijkenberg said the increase follows the government’s decision to adjust civil servants’ pay after years of stagnant wages and systemic anomalies in the salary structure. “The salary review is fully...
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King launches ( mln road proMect at Kukhanyeni
His Majesty King Mswati III has lauded the ongoing development efforts at Kukhanyeni Inkhundla, describing them as a reflection of the Kingdom’s commitment to improving lives through tangible service delivery. Addressing residents at Kukhanyeni...
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Eswatini secures E460.5mln for education reform
Eswatini has secured E460.5 million in new funding from the World Bank and the Global Partnership for Education (GPE) to drive wide-ranging reforms in the basic education sector. The funding, announced during a media sensitisation breakfast meeting...
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MTN Eswatini in E41.2mln profit DROP!
MTN Eswatini has reported a sharp 17.3 per cent decline in profit for the 2024 financial This marked one of the most challenging periods for the mobile operator in recent years. Outgoing Chief Executive Officer Wandile Mtshali revealed that profit...
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E2.9bln CBE tender awarded to Ingcebo Joint Venture
TThe CBE Governor, Dr Phil Mnisi, officially announced the awarding of the E2.97 billion tender to Ingcebo Joint Venture through a lengthy media statement. The monumental undertaking, which follows the sod-cutting ceremony by His Majesty King Mswati...
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Technology, innovation key to Eswatini’s economic future — King
His Majesty King Mswati III has placed technology and innovation at the heart of Eswatini’s future growth strategy, stressing their role in driving prosperity, resilience, and inclusive development. Addressing the media at Ludzidzini Royal Residence...
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HMK commits E100mln to support SMEs
Minister of Finance Neal Rijkenberg, on behalf of His Majesty King Mswati III, announced E100 million (approximately US$5 million) in catalytic funding to support small and medium-sized enterprises (SMEs), as well as Youth and Women. Rijkenberg was...
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Globally acclaimed iSwiss Bank gets licence to operate at KMIII Airport
This landmark agreement, signed directly with His Majesty King Mswati III, marks a significant step forward for Eswatini, positioning it as one of the most competitive and attractive destinations for international investors and entrepreneurs, with tax...
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PSPF has invested E16 billion locally
The Public Service Pension Funds (PSPF) has reaffirmed its commitment to national development and the socio-economic well-being of Eswatini by investing a staggering E16 billion locally. The investment has been made in governments bonds, shares and...
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Japan commits E140bln to boost Africa’s development
In a significant demonstration of international partnership and economic cooperation, Japan has pledged a staggering US$7.55 billion (approximately E140 billion) to advance development across Africa over the next three to five years. The announcement...
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King urges police to embrace technology, change for effective service
“Maphoyisa, the nation has its utmost trust in you, to ensure that you are not behind but rather you actively educate and equip yourselves to always stay ahead and relevant to these changing times. That is why we always encourage you to be vigilant and...
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Eswatini’s strategic oil reserve project gets boost
The Kingdom of Eswatini’s E5.2 billion Strategic Oil Reserve project at Phuzamoya in Siphofaneni has received renewed impetus following His Majesty King Mswati III’s visit to the Türkmenbaşy Oil Processing Complex (TNGIZT) in Turkmenistan this...
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Taiwan invests E13bln in Eswatini in 90 days
The diplomatic and economic relationship between the Kingdom of Eswatini and the Republic of China (Taiwan) has resulted in an impressive E13.05 billion investment in just three months. This surge in investment follows the visit from Taiwan’s Foreign...
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Eswatini ranks Nº1!
Eswatini is in the good books of the International Monetary Fund (IMF), having been ranked number one in the countries with the lowest debt as of July 2025. The country has an outstanding debt of US$9,812,500 (about E176 625 000) with the IMF, which...
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Over 1 000 jobs for emaSwati to be restored
The landmark lifesaving PEPFAR waiver, which has authorised continued implementation of essential HIV/AIDS services in Eswatini, will save 1,000 jobs that were lost by emaSwati when the shocking funding cut was pronounced by the USA President Donald...
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Govt creates over 2 000 jobs in 3 months
In its drive to reduce unemployment and foster a private-sector-led economy, the Eswatini Government has in the last three months availed nearly 2,000 jobs and attracted investments worth over E30 billion, which will create over 40,000 jobs over the...
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Eswatini Sugar’s bold strategy to bolster E7.7bln revenue
In a bold move aimed at ensuring that the Kingdom derives maximum value from its sugar produce, ‘Eswatini Sugar’ has adopted an aggressive approach which will see the ‘Eswatini Gold’ being exported to the USA, the Middle East, Republic of China...
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HIS MAJESTY GIFTS E200K TO ESWATINI STUDENTS IN GHANA
GHANA — EmaSwati pupils studying at the Kwame Nkrumah University of Science and Technology(KNUST) dance in joy with His Majesty King Mswati III after a rare meeting with the King that earned each of them a gift of about E17,800 (US1,000), to support...
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KING APPOINTS NEW COMMISSIONERS
▲His Majesty King Mswati III and Her Majesty the Indlovukazi watching the parade during the 17th edition of the Correctional Services Day on Friday in Matsapha.
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Contractors push back against tender terms
Atransformative road infrastructure project in southern Eswatini has sparked a national debate over local contractor inclusion, procurement transparency, and the impact of international financing conditions. The project — the MR21/MR14 road upgrade...
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Parliament has raised strong concerns over the lack of adherence to appropriate corporate governance principles after HUAWEI (an EPTC contractor and vendor), which was granted a twoyear contract valued at E126 million for modernisation, paid bills for...
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ENPC justifies E5.2bln Strategic Oil Reserve cost
The Eswatini National Petroleum Company (ENPC) has clarified the conundrum, which has led to the false narrative that there has been a project cost increase of over E3 billion from E2.2 billion to E5.2 billion at the historic Strategic Oil Reserve...
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IN THE LAST THREE YEARS: EswatiniBank invests close to E1 billion into economy
Eswatini Bank’s commitment to building a resilient and inclusive economy has been demonstrated by the close to E1 billion investment strategically channelled into the SMME, Agri-business and Corporate sectors. This was revealed by the Bank’s Board...
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Invest in money trading with caution — King
His Majesty King Mswati III has issued a stern warning to Emaswati to tread with caution as they venture into money trading to avoid losing their hardearned assets and cash due to the lack of comprehensive knowledge in money markets. Speaking during...
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King hails economic growth, GDP growing from E1.5bln to E70bln
At the momentous occasion of His Majesty King Mswati III’s 57th birthday celebration, which coincided with his 39 years of rule since he assumed the Throne as the youngest reigning Monarch in 1986, the King passionately thanked Emaswati for helping him...
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In a heartfelt show of unity and love, emaSwati poured their blessings upon His Majesty King Mswati III ahead of his 57th birthday, gifting him with over E7.6 million in cash and 171 cattle during a gift presentation held at Mandvulo Hall, Lozitha...
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‘EU programmes drive economic, social development in Eswatini’
His Majesty King Mswati III has applauded the European Union (EU) for its significant and sustained contributions to Eswatini’s economic and social development, describing the cooperation as a model of partnership for growth. Speaking during the...
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30% stAKE For loCAl firms In CEntrAl BAnK ComplEx
The Central Bank of Eswatini (CBE) has imposed an obligatory 30 per cent local shareholding requirement, for all international companies which may be interested in tendering for the construction of the multi-billion stateof-the-art complex at...
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His Majesty commissions nationwide Army recruitment
The Kingdom of Eswatini continues to intensify its fight against unemployment and poverty alleviation with various initiatives implemented to tackle the two. In the latest move, His Majesty King Mswati III has commissioned the recruitment process at...
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‘King’s 57th birthday logo represents Eswatini’s bright future’
The Ministry of Home Affairs has officially unveiled a new logo which represents a bright future for His Majesty King Mswati III’s 57th birthday. Speaking during the official unveiling of the logo, which the government has said would be availed on...
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Eswatini to strengthen cordial ties with US — Minister Shakantu
Amid the temporary funding freeze by the United States of America (USA), the Eswatini government remains confident that the relationship between Eswatini which has stood the test of time since independence in 1968, will continue to be strengthened...
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Eswatini secures AGOA eligibility for 2025
. . . The development is set to boost trade and economic growth while solidifying the country’s trade relations with the United States of America The Kingdom of Eswatini has been granted eligibility under the African Growth and Opportunity Act (AGOA)...
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Government in the Red? Finance Minister promises relief by April
The Eswatini government is facing a cash flow squeeze, resulting in delayed payments to suppliers, but Finance Minister Neal Rijkenberg has assured that the situation will improve in the coming months. Speaking during this week’s Finance Focus video...
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Boozers, smokers face 22% hike . . . Hike will boost government coffers by approximately E250mln, with alcohol taxes projected to contribute E150mln over the fiscal year
The Eswatini Government is targeting alcohol and tobacco products with significant tax increases as part of efforts to grow its tax base and address public health concerns. In his 2025/26 Budget Speech, Minister of Finance Neal Rijkenberg tabled the...
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Eswatini budget increases by 11% to E32.61 billion
Minister of Finance in Eswatini, Neal Rijkenberg, presented a landmark budget for the 2025/26 financial year, amounting to a substantial E32.61 billion, marking a significant increase from the E29.4 billion allocated for the previous fiscal year. The...
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Eswatini’s Cabinet approves budget amid economic data delays
Eswatini’s Cabinet has approved the 2025 National Budget after a brief delay caused by the late arrival of critical economic data. Announced 14.6% increase Speaking on the matter, Minister of Finance Neal Rijkenberg explained that the wait for...
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Eswatini’s economy projected to grow by 8.3% in 2025, says King
His Majesty King Mswati III has expressed optimism about Eswatini’s economic prospects, highlighting resilience and a strong rebound from external challenges as key drivers of projected growth. Delivering the Speech from the Throne at the official...
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ENPF conversion into a pension fund APPROVED
The Cabinet of Eswatini has announced several critical reforms following its weeklong retreat held at the Royal Villas in Ezulwini. Prime Minister Russell Mmiso Dlamini, addressing the media after the conclave, outlined the government's commitment to...
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SACU revenue declines by 20.4%
The Kingdom of Eswatini has experienced a significant decline in Southern African Customs Union (SACU) revenue for the 2025/26 fiscal year, marking a 20.4 per cent reduction compared to the current fiscal year. Minister of Finance Neal Rijkenberg...
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Eswatini’s AGOA Trade Agreement renewed Retention Announcement
Eswatini’s inclusion in the African Growth and Opportunity Act (AGOA) has been renewed, allowing the country to continue benefiting from duty-free access to U.S. markets until 2025. This milestone ensures the sustained growth of the country’s export...
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EWADE’s E3.3bln economic impact in 2023-2024
Eswatini’s economy made a strong recovery in 2023, growing by 4.8 per cent up from 0.5 per cent in 2022, driven by service sector growth and increased government spending. Growth is expected to stabilize at 4.9 per cent in 2024 with agriculture and...
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E21.8 million a sign of economic growth — King
His Majesty King Mswati III says the gifts presented at the Incwala ceremony indicate that the country's economy is growing. The King said this during the fifth day of the ongoing Incwala ceremony at Engabezweni Royal Residence on Thursday night,...
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Black Friday fizzles in Manzini
For the third consecutive year, the much-anticipated Black Friday sales event fell flat in the bustling city of Manzini, leaving both shop managers and shoppers disheartened.
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Eswatini cooperatives celebrate E3bln in savings
The cooperative sector in Eswatini is making significant progress and setting an example in the Southern African region, having amassed an impressive E3 billion in savings. This announcement was made by the Minister of Commerce, Industry and Trade,...
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E350mln outstanding debts to suppliers — Minister of Finance
The cat is finally out of the bag! The suspension of the Phalala Referral Fund by the Government last year came because of a staggering over E1 billion debt. In a revelation that has raised concerns among local suppliers and stakeholders, the Minister...
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Over 1000 suspicious transactions recorded . . . amounting to over E700 million
The Eswatini Financial Intelligence Unit (EFIU) continued to receive Suspicious Transaction reports (STR). These reports from accountable, recorded 1,229 for the period of July to September 2024. The said suspicious transactions recorded over E700...
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Data woes rock MTN Customers cry foul over data depletion ESCCOM CE points at smartphone usage
The Eswatini Communications Commission (ESCCOM) is in the process of developing an application that will allow customers to check or monitor their data usage across the country’s mobile networks. This initiative aims to address the ongoing problem of...
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Eswatini records trade surplus of E 996.5mln
The country recorded a trade balance surplus of E996.5 million in September 2024, up from the E301.3 million surplus recorded in August 2024. This information is contained in the Recent Economic Developments report for the months of August and...
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EU, ITC partner with NAMBoard and SWASA
In collaboration with the Eswatini Government, the European Union and the International Trade Centre have partnered with the National Agricultural Marketing Board and the Eswatini Standards Authority to launch a comprehensive training programme for...
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FAO endorses EWADE
In a significant advancement for Eswatini’s agricultural and environmental sectors, the Eswatini Water and Agricultural Development Enterprise (EWADE) has successfully been endorsed by the FAO as a fit and proper institution to implement the about E76...
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Inyatsi: A vehicle for the King’s vision of a developed and first-world Eswatini
Inyatsi Construction has firmly positioned itself as a key driver in fulfilling His Majesty King Mswati III’s vision of transforming Eswatini into a developed, first-world nation. The recent completion of the E647 million Gege–Sicunusa road, a...
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Eswatini invites Jewish investors to stimulate economic growth
The Kingdom of Eswatini is actively seeking various pathways to enhance its economy and is engaging potential investors with enthusiasm. Under the leadership of Prime Minister Russell Dlamini, a delegation from Eswatini, including the Ministers of...
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FNB reports growth in product offerings
First National Bank (FNB) Eswatini has experienced a remarkable year, concluding its financial period with significant revenue growth across its offerings. The bank’s Cash Plus Agency model has crossed the E1 billion threshold, while its eWallet...
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EWADE projects to create close to 4 000 jobs in 2024/25 FY
In a significant announcement aimed at boosting agricultural productivity and employment, the EWADE (Eswatini Water Agricultural Development Enterprise) has projected an impressive sales target of E51,728,460.00 for the upcoming 2024/25 financial...
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2Yer ( 0 trillion in trade Sotential Ior (sZatini . . . $I&)7$ 6eF *en XrJes (sZatini to leYeraJe oSSortXnities
During the 56th Eswatini International Trade Fair official opening, the AfCFTA Secretary General Wamkele Mene delivered an impassioned plea about the transformative potential of the African Continental Free Trade Area (AfCFTA). When delivering his...
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Introduction: Inyatsi Group Holdings
Inyatsi Group Holdings is a diversified corporation with a presence in 11 African countries. It is the leading and most successful corporation in the region with a group turnover of E8.2 billion. With a history spanning over 40 years, the Group has...
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Govt investments hails E255mln EU water
The significant Kingdom boost of in Eswatini its efforts has to received enhance a food economic security growth, and thanks drive to a sustainable €15 million European (E255 million) Union (EU). investment from the
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