…. Investments include business expansion and new projects launch
BY MBONGENI NDLELA
EZULWINI – Eswatini has struck gold in the investment arena, thanks to the Investment Conference held the past two days.
In a resounding vote of confidence in the Kingdom’s stability and economic potential, 11 local and international companies have officially pledged a record E37 billion to expand operations and establish new businesses across various sectors.
The announcement, made in Ezulwini, marks one of the largest collective investment commitments in the nation’s recent history—poised to transform key industries, boost job creation, and elevate economic growth.
Among the frontrunners is Ubombo Sugar Limited, set to channel E2.1 billion into expanding its sugar mill to process additional cane. RES Corporation will inject E11.2 billion in upgrades to sugar mills and the construction of a bio-energy plant—further propelling Eswatini’s shift to sustainable energy.
Notably, the African Alliance Group plans to invest E13.3 billion across a diversified portfolio that includes tourism, meat processing, and real estate. Meanwhile, Big Bend Textiles is establishing a new cotton ginnery and spinning mill, representing a E4 billion boost to the textile manufacturing sector.
Other major contributors include Kellogg Tolaram in food processing, Coca-Cola Beverages Eswatini, Thebe Investment Corporation, and new regional players from South Africa and Eswatini, all focusing on agriculture, manufacturing, logistics, and more.
The projects span expansions of existing operations and the establishment of new ventures, signalling confidence in Eswatini’s business environment.
Government, through the Ministry of Commerce, Industry, and Trade, has played a pivotal role in facilitating these partnerships, aligning with the Kingdom’s Vision 2022 goals and the national agenda for industrialisation.
Minister Manqoba Khumalo applauded the companies, noting: “These investments are a powerful endorsement of Eswatini’s potential and a testament to our stable governance and investor-friendly climate. We are opening new chapters of opportunity for our people.”
As ground-breaking begins in various regions, the positive ripple effects of these investments will soon be felt in employment, infrastructure, and innovation—bringing Eswatini ever closer to becoming a regional economic powerhouse.
