Business
AfDB waiver sought to unlock MNWAP Phase 1B
MBABANE - Government has asked the African Development Bank (AfDB) to waive two key loan conditions delaying the release of funding for Phase...
Jonsson Workwear factory ready, machinery installation next month
MBABANE - Minister for Commerce, Industry and Trade Manqoba Khumalo has provided an important update on the construction of the much-anticipated Jonsson Workwear...
RESCorp sweetens diversification with E1m butchery venture
MBABANE – What began as a sugar producer has evolved into one of Eswatini’s most diversified agribusinesses. Royal Eswatini Sugar Corporation (RESCorp) has...
Mixed assets going under hammer tomorrow
MBABANE – Prospective buyers will have an opportunity to bid for a wide range of vehicles, building materials and other valuable assets tomorrow....
FINCORP, IDCE rivalry reshapes development finance landscape
MBABANE - Competition between FINCORP and IDCE has reached unprecedented levels as the two development finance institutions battle for market dominance while expanding...
Eswatini, Egypt discuss cooperation, gold bank initiative
MBABANE - The Central Bank of Eswatini and Egypt have explored closer banking cooperation, focusing on cross-border payments, financial integration, gold reserves and...
SBS conversion drives NBFI assets’ E2bn drop
MBABANE – The non-bank financial institutions (NBFI) sector has recorded a nominal E2 billion decline in total assets following the reclassification of Swaziland...
Lidwala leads short-term insurance sector
MBABANE – Lidwala Insurance has overtaken long-time market leader Eswatini Royal Insurance Corporation (ESRIC) to become the largest short-term insurer by gross written...
CBE holds rates as borrowing accelerates
MBABANE – The Central Bank of Eswatini (CBE) has maintained its discount rate at 6.75 per cent for the eighth consecutive monetary policy...
Export-driven Melane Leather crowned Hhohho’s finest enterprise
EZULWINI - A decade ago, Dumsile Simelane was operating with just three machines and a dream to turn her passion for fashion into...
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I don’t have money to compensate them – Polycarp
MONENI – Moneni overseer Prince Polycarp says he does not have the money to compensate the over 200 new homesteads that were settled...
King moves to save Ncangosini residents from eviction
KONTSHINGILA – Hundreds of residents living on a privately owned farm at Ncangosini, Kontshingila, are set to be spared from eviction after an...
Macadamia processing plant boosts Eswatini’s export ambitions
MATSAPHA – Eswatini’s rapidly expanding macadamia industry is poised for a major growth as Elangeni Food Group moves closer to commissioning its processing...
Hitman, healer at centre of State’s murder case against Mashumi
MBABANE – A suspected hitman and a traditional healer are at the centre of the State’s case against Mashumi Andreas Shongwe. The two,...
Eswatini among southern Africa’s fastest-growing economies
MBABANE – Eswatini is expected to remain among Southern Africa’s strongest-performing economies this year, with African Development Bank projections placing the kingdom third...
