BY MBONO MDLULI
MBABANE – Minister of Natural Resources and Energy Prince Lonkhokhela has encouraged investors to also consider venturing into the country’s energy sector, as there are opportunities to make money in this industry.
Prince Lonkhokhela participated in the Eswatini Investment Conference organized by the Eswatini Investment Promotion Authority (EIPA), a parastatal under the Ministry of Commerce, Industry, and Trade. The conference started on May 14, 2025 and ended on May 15, 2025. During his address to potential investors, the minister emphasized the significant opportunities within the mining and energy sectors, which are crucial for driving industrialization, employment generation, and energy security in Eswatini.
Importance of Mining and Energy Sectors
HRH Prince Lonkhokhela highlighted the tremendous potential of the mining sector to catalyze economic transformation. He noted that this sector could create numerous employment opportunities and boost foreign-exchange revenue through the sale of various mineral commodities.
In discussing the energy sector, he stated, “The energy sector is another key pillar for driving economic growth in Eswatini. It has the potential to fuel industrialization and job creation.” This underscores the government’s recognition of energy as a vital component of economic development.
Strategic Initiatives for Energy Sustainability
The Minister outlined several strategic initiatives aimed at ensuring energy sustainability and attracting investment in Eswatini’s energy sector, including:
– Hydro Power Generation
– Wind Power Generation
– Geothermal Energy
– Coal Thermal
These initiatives present lucrative investment opportunities, reflecting the government’s commitment to fostering a sustainable energy landscape.
Enabling Environment for Investment
Eswatini has established a conducive regulatory environment for private sector investment in the energy sector, which includes:
- Wheeling Framework: This allows third-party usage of transmission and distribution systems for a fee, promoting regional integration.
- Small-Scale Embedded Generation Framework: Facilitates energy supply to the grid from customers.
- Grid Code: Ensures the reliable, efficient, and safe operation of the electrical grid by setting technical requirements for connection and use.
- Energy Storage Guidelines: Recognizes the importance of energy storage systems in integrating renewable energy and enhancing supply security.
Conclusion
In conclusion, HRH Prince Lonkhokhela reiterated the immense potential of the mining and energy sectors in propelling economic growth and job creation in Eswatini. He urged potential investors to consider these sectors as promising avenues for investment, emphasizing the country’s readiness to welcome them with open arms. The Minister’s insights reflect a strong commitment to leveraging Eswatini’s natural resources for sustainable development and economic prosperity.
