Home News King invites investors for E40bn water programmes
News

King invites investors for E40bn water programmes

Share
A representative receiving an award on behalf of Prince Mohammed bin Salman Al Saud of Saudi Arabia. (Pics: Lesang Makhubu - State Photographer)
Share

CAPE TOWN, SOUTH AFRICA – His Majesty King Mswati III has invited multilateral financial institutions, development partners and private investors to fund multibillion Emalangeni water projects in Eswatini.

He highlighted two prioritised bankable projects: The Nondvo Multipurpose Dam and the raising of the Hawane Dam, costing approximately US$115 million (E2.1 billion).

His Majesty made this call at the African Union-AIP Africa Water Investment Summit, pledging Eswatini’s full support and describing water as the lifeblood of the continent and the world.

He noted that an additional US$2 billion (E38 billion) is needed for the National Potable Water, Sanitation and Hygiene (WASH) Master Plan.

“With support from the African Union, Global Water Partnership Southern Africa and Green Climate Fund, we are developing the Eswatini Water Investment Programme, set for completion by late 2025. This will guide resource mobilisation and implementation of high-impact water projects,” the King said.

He emphasised water’s role in Eswatini’s development, stating: “It fuels agriculture, which accounts for over 90 per cent of water abstractions, drives industry, safeguards public health and strengthens climate resilience. However, aging infrastructure, rising water needs and climate change pose challenges.”

His Majesty endorsed the Continental Africa Water Investment Programme (AIP), a transformative platform to mobilise US$30 billion (E570 billion) annually to close Africa’s water investment gap.

He added: “The AIP aligns with our national development plan, climate adaptation priorities and commitment to United Nations Sustainable Development Goal 6, ensuring clean water and sanitation for all by 2030. It also advances Agenda 2063: The Africa We Want.”

The King highlighted Eswatini’s efforts, including dams for irrigation and clean water supply, and ongoing engagements with financial institutions to support agriculture and water projects.

He stressed the need for support from development partners, financial institutions, private investors and multilateral organisations due to the substantial funding required.

Full article available in our paper.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

MaMkhize’s Bull faces police test

MBABANE – Shauwn ‘MaMkhize’ Mkhize’s Mbabane Highlanders AM face their sternest MTN Premier League test yet when they meet Royal Leopard at Mayaluka...

Hyundai Creta arrives with bold new attitude

Hyundai Eswatini has wel­comed the all-new Hyundai Creta to the local market, bringing a sharper look, upgraded technology and a choice of confident...

FNB demands over E14 million from two ex-employees

MBABANE – First National Bank (FNB) has instituted High Court proceedings against two of its former employees, seeking more than E14 million in...

King jets off to Taiwan after 2yrs

MANZINI – His Majesty King Mswati III left the country yesterday morning for Taiwan, more than two years after his last official visit....

Jehovah’s Witnesses can now donate blood cells

MBABANE - For decades, Jehovah’s Witnesses have refused blood transfusions, but thousands of members in Eswatini now face a significant change. The church...

Related Articles

No thermal power breakthrough

MBABANE –  Coal mining at Lubhuku has not started. This is despite...

King, Eswatini applauded at Taiwan National Day

TAIPEI, TAIWAN – Taiwan’s National Day celebrations placed the Kingdom of Eswatini...

Quarry blast leaves 250 homes damaged

MPOLONJENI – Frustration is mounting among families at Mpolonjeni, in Mbabane, as...

Gambling destroys mental health – patients warn

MANZINI – Online betting has been identified as one of the sources...