SENO CONSTRUCTION ENLISTED FOR ESWATINIBANK TENDER

MBABANE – Seno Construction has been enlisted as the best evaluated tenderer for the construction of the new EswatiniBank Matsapha branch.

Seno scored 82.86 per cent when evaluated with a proposed contract price of E12 134 959.71; they were competing with Mkhotoka Developers and K-Projects for the tender. Mkhotoka Developers scored 65 per cent when evaluated, which was lower than the minimum technical score, and K-Projects scored 82.14 per cent with a bid price of E12 405 678.18.
The Eswatini Public Procurement Regulatory Agency (ESPPRA) disclosed this on its website.

New

According to the procurement regulator, EswatiniBank was looking for a contractor for the construction of the new EswatiniBank Matsapha Branch. The procurement entity for the tender was EswatiniBank, which was approved by the board’s authority. The bank requested that the unsuccessful bidders submit an application for review with the agency within 10 working days. “All tenderers who submitted bids are hereby notified that a period of 10 working days is hereby allowed for the submission of any application for review,” said EswatiniBank. It was also mentioned that the tender does not constitute a contract. Worth noting, EswatiniBank, in July 2022, was part of the Agriculture Business Forum. EswatiniBank’s Agri-Business Unit said they were working on expanding their footprint in the agricultural sector of Eswatini. Managing Director (MD) uNdlunkulu Nozizwe Mulela of EswatiniBank brought up this issue last year at the Mhlume Country Club Agri-Business Forum.

Partnering

The MD said this upcoming initiative involved partnering directly with farmers in the country to tap into scarcely explored markets in crop production. She said they had other initiatives in the pipeline that included expanding their footprint across the country by opening a new branch in Buhleni and offering services that met worldwide standards. “Through these expansions, we want to make our services available to all farmers, especially those living on the outskirts of town,” she said. The MD added that food security was an issue that most were vaguely aware of, and they believed that as EswatiniBank, they should play their role in proactively seeking practical solutions to reduce the impending scarcity. Mulela said the bank wished to partner with institutions such as the Royal Eswatini Sugar (RES) Corporation and other industry related stakeholders to explore efficient ways to help clients through financial investment and innovative advisory services.

Relationship

She said a close working relationship between farmers and agricultural lenders was essential to the economic growth of agricultural borrowers and the continued success of agriculture in the country. “Agriculture remains the mainstay in Eswatini, despite the challenges faced; as such, it is important to continue to tailor effective supervision and regulation to ensure the safety and soundness of agricultural financiers, while also making sure that undue burden does not constrain the capacity of these institutions to continue supporting the agricultural communities they serve,” she said. The MD said the team would assess what farmers are going through, how it was affecting their bottom line, and how they could improve it. “This is one way the bank endeavours to take a leading role in innovation and in enacting proposed solutions and their implementation,” she added.

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