Home Business EWADE sugar cane revenue up by over 23%
Business

EWADE sugar cane revenue up by over 23%

Share
Eswatini Water and Agricultural Development Enterprise (EWADE) Chief Executive Officer Dr Samson Sithole making his remarks during the Editors Forum Breakfast meeting held at Tree Tops Resort yesterday, along with Bongani Magagula. (Pics: Nhlanganiso Mkhonta)
Share

BIG BEND – The Eswatini Water and Agricultural Development Enterprise (EWADE) has reported a substantial rise in revenue, generated by sugar cane farmers under its development projects.

The revenue reached E999.157 million in the 2024/25 financial year, marking a substantial increase from the E814.117 million recorded in the previous year – reflecting approximately over 23 per cent growth.

The figures were presented by EWADE Chief Executive Officer (CEO) Dr Samson Sithole during an Editors Forum breakfast meeting held at Tree Tops Resort yesterday, where the parastatal unpacked key achievements, economic contributions and ongoing project developments.

Dr Sithole said the improved revenue performance was largely driven by expanded sugar cane production under the Lower Usuthu Smallholder Irrigation Project (LUSIP) Phase II and other community-based agricultural programmes implemented across the country.

“Our impact continues to be farmer-centred. The near E1 billion revenue earned this year demonstrates that rural economies are moving, households are improving incomes, and communities are participating meaningfully in the agricultural value chain,” he stated.

Alongside farmer revenue, remitted taxes also increased sharply, rising by E154.665 million to reach E251.045 million. Dr Sithole emphasised that this contribution was direct evidence that smallholder farmers are strengthening the country’s fiscal base.

*…

… over 5 000 jobs created

BIG BEND – The CEO highlighted that 5 669 jobs were created across all EWADE-led projects, both direct and indirect.

In addition, E71.04 million worth of procurement opportunities benefited micro, small and medium enterprises (MSMEs) and E232 million supported larger local enterprises.
Graduate employment programmes placed 50 young technicians and 20 young professionals across various projects and operations.

The Smallholder Agricultural Productivity and Marketing Enhancement Programme (SAPEMP), valued at over E851 million, is currently in community mobilisation and anchor enterprise recruitment stage.

The CEO reported that the Eswatini Youth Employment Opportunities Project (EYEOP), valued at E486 million, has been cleared in Parliament and awaiting Royal Assent before implementation begins.

LUSIP II expansion now has over 3 000 hectares under irrigation with on-farm development ongoing.

Dr Sithole said EWADE remains committed to partnering with government, private sector players and the media to ensure transparency and shared accountability.

“Agricultural transformation is not just an economic agenda – it is a social obligation. We are moving households from subsistence to commercial viability. That is our mandate and that work continues,” he affirmed.

EWADE also provided an update on the Mkhondvo–Ngwavuma Augmentation Programme (MNWAP), describing it as a major driver of water security, food system stability, agricultural value addition and rural transformation.

Dr Sithole explained that MNWAP is expanding irrigation capacity in the Lubombo and Shiselweni regions, ensuring that more communities transition from rain-fed subsistence to commercial agricultural production.

 “MNWAP is central to unlocking the country’s agricultural potential by making water available where it is needed most. Water security is the foundation of food security, and food security is the foundation of sustainable livelihoods,” he said.

*Full article available in our publication

EWADE Director Commercial Musa Masilela (L) and Director Corporate Services John Nsibande.
EWADE Director Commercial Musa Masilela (L) and Director Corporate Services John Nsibande.

Share
Written by
Nhlanganiso Mkhonta

Nhlanganiso Mkhonta serves as Business Editor at the Times of Eswatini. He reports on business, economics, finance, investment, entrepreneurship and public policy, producing insightful coverage and analysis of the issues driving Eswatini’s economy and the wider African business environment.

Leave a comment

Leave a Reply

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

Don't Miss

‘Cat’ Matlala ID saga: Home Affairs official dismissed

MBABANE – Nonhlanhla Malambe, the Home Affairs official found guilty over the issuance of Eswatini national documents to Vusimuzi ‘Cat’ Matlala, has been...

 MaMkhize absent as Eswatini team suffer 2nd  defeat

NHLANGANO – Mbabane Highlanders AM suffered another painful defeat without President Shauwn ‘MaMkhize’ Mkhize in the stands, as Nsingizini Hotspurs edged them 1-0...

Ex-magistrate, another allegedly disobey court orders

MBABANE – Jail time has been sought for former Magistrate Dumisani Magagula and an individual with whom he is alleged to have disobeyed...

10-litre container of drugs allegedly found with clinic guard

VUVULANE – Community members reportedly recovered a 10-litre container of medication from a security guard at Vuvulane Rural Clinic, raising concerns of theft....

Indlovukazi arrives in UAE for official visit

Her Majesty Indlovukazi has arrived safely in the United Arab Emirates (UAE) where she is on an official visit. Her Majesty arrived around...

Related Articles

Oracle Insurance revenue jumps to E202.6m

MBABANE - Oracle Insurance and Oracle Life have reported a significant improvement...

Notsa Eswatini crowned 2026 Entrepreneur of the Year

MBABANE - Notsa Eswatini, the youth-owned textile manufacturer founded by Wandile Dlamini,...

OK Foods boss opens doors for young entrepreneurs

NGWANE PARK - A local businessman is turning his success into an...

Lower rates may not translate into cheaper loans – IMF

MBABANE – Eswatini’s efforts to stimulate economic activity through lower interest rates...