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BY LINDELWA MYENI MBABANE – Eswatini’s pension fund assets have reached approximately E55.8 billion, equivalent to about 57 per cent of the country’s Gross Domestic Product (GDP), highlighting the growing strength of retirement savings as a major pool of long-term domestic capital. Finance Minister Neal Rijkenberg said the figure presented a significant opportunity for institutional […]
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Swaziland Building Society one of two granted provisional licences BY THEMBA ZWANE MBABANE – The Central Bank of Eswatini (CBE) approved two provisional bank licences during the 2025/2026 financial year, while two other banking licence applications remained under review at the close of the financial year. According to the CBE’s 2025/2026 Annual Economic Review, the […]
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Economy holds firm despite sugar, mining pressures Minister sees stronger growth as industries recover BY PHUMELELE GAMEDZE MBABANE – Eswatini’s economy is showing remarkable resilience, with growth projected at about 5% in 2026 despite a difficult operating environment for some of the country’s major industries, while a new E4.06 billion development financing framework could provide fresh momentum for […]
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BY SIFISO NHLABATSI LOBAMBA – Minister of Finance Neal Rijkenberg has told the House of Assembly that municipalities are not barred from approaching commercial banks for loans to finance infrastructure development. Rijkenberg said Mbabane and Manzini could access bank financing, provided they first obtained approval from Government, while clarifying that there had been no ban […]
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BY SIFISO NHLABATSI LOBAMBA – Eswatini is seeking a combined E4.6 billion in loans from the African Development Bank (AfDB), World Bank and OPEC Fund as Government moves to address persistent cash flow constraints. Minister of Finance Neal Rijkenberg disclosed the funding plans during the Senate debate on the Ministry of Finance Portfolio Committee’s First Quarter Performance […]
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BY SIFISO NHLABATSI MBABANE – Eswatini’s debt position remains within manageable levels as government continues to maintain fiscal stability while addressing outstanding supplier payments through strategic funding interventions. The Minister of Finance Neal Rijkenberg has moved to reassure the nation that although government continues to borrow to meet its obligations the country remains in a […]
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BY SIFISO NHLABATSI MBABANE – Minister of Finance Neal Rijkenberg has warned Emaswati not to fall victim to sophisticated artificial intelligence (AI)-generated investment scams that falsely portray him endorsing companies and promising lucrative financial returns. Rijkenberg said fraudsters are manipulating genuine videos from the Ministry of Finance’s Finance in Focus programme using AI technology to […]
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… CBE insists tender followed all legal requirements … 30% local participation rule remained non-negotiable … Bank says E2.79 billion project on track … Warns against anti-investor narratives … Eswatini remains open for business BY MBONGENI NDLELA MBABANE – Central Bank of Eswatini (CBE) Governor Dr Phil Mnisi has come out strongly in defence of […]
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Increase strengthens government finances as Rijkenberg says stabilisation fund could reach E2 billion BY MBONGENI NDLELA MBABANE – Eswatini is set to receive E11.7 billion in Southern African Customs Union (SACU) revenue this financial year, giving the country a stronger fiscal position than initially projected in the national budget. Minister of Finance Neal Rijkenberg revealed […]
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BY MBONGENI NDLELA SIBEBE RESORT – Central Bank of Eswatini Governor Dr. Phil Mnisi has assured the nation that Eswatini Bank remains stable and operational despite challenges that prompted the regulator to deploy a consultant to support a structured transformation programme. Addressing concerns raised by journalists during the Governor’s Annual Media Engagement Session at Sibebe […]
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