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Eswatini Financial Times

EFT Reporter

Africa

Strategic oil reserve loan to be repaid by fuel users

By Delisa MagagulaMinister of Finance Neal Rijkenberg has confirmed that the E5.2 billion loan from EximBank, secured for Eswatini’s Strategic Oil Reserve, will be repaid through adjusted fuel tariffs effectively…
Africa

PM Closes Eswatini Local Government Conference with Call for Unity and Progress

By Thokozani MazibukoIn a resounding call for unity and dedication, Prime Minister Russell Mmiso Dlamini closed the Eswatini Local Government Conference at Esibayeni Lodge on Thursday, emphasizing the need for…
Africa

HUAWEI sponsors EPTC top executives’ trip to Cape Town

By Kwanele Dhladhla Parliament has raised strong concerns over the lack of adherence to appropriate corporate governance principles after HUAWEI (an EPTC contractor and vendor), which was granted a two-year…
Africa

It’s ‘A New Dawn’ for Nothando Hlophe!

By Siphesihle Dlamini A new dawn is a profoundly special moment for any gospel artist, symbolizing fresh beginnings, renewed hope, and divine inspiration. The sun rises, it brings with it…
Africa

Why Parliament’s thumbs up for the E5.2 bln Strategic Oil Reserve Facility marks a defining moment for Eswatini

A New Dawn for the Energy Sector: PULSE OF THE WEEK …With Siphesihle Dlamini We live in an era where global energy instability and economic uncertainties have left many developing…
Africa

Parly approves over E11.4 Billion Loan Bills in two Days

By Thokozani Mazibuko In a move aimed at bolstering infrastructure and economic growth, the House of Assembly has approved loan bills worth over E11 billion within a span of just…
Africa

E140 million shell of a dream by Govt

By Delisa Magagula The Government of Eswatini has set aside E140 million for the construction of 10 factory shells in the 2025/26 financial year as part of its strategy to…
Africa

ENPC justifies E5.2 bln Strategic Oil Reserve cost

By Kwanele Dhladhla The Eswatini National Petroleum Company (ENPC) has clarified the conundrum, which has led to the false narrative that there has been a project cost increase of over…
Africa

Digital banking startup Chime targets $11.2 billion valuation in US IPO

Digital banking startup Chime Financial said on Monday it was targeting a valuation of up to $11.2 billion on a fully diluted basis in its long-awaited New York initial public…
Africa

Microsoft to invest $400 million in Switzerland on AI, cloud computing

Microsoft (MSFT.O), opens new tab will invest $400 million in Switzerland, the company said on Monday, with the money going towards developing its cloud computing and artificial intelligence infrastructure. The…