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Economy

Tinkhundla Ministry pumps over E35 million into 53 projects

By Delisa Thwala The Ministry of Tinkhundla Administration and Development has completed their major projects to the value of E35 603 018 72. This is contained in their 2nd Financial…

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CIC and Stakeholders to ease compliance terms

The Construction Industry Council (CIC) and its counterparts have committed to easing the compliance burden on businesses within the sector.CIC CEO Maqhawe Mnisi acknowledged the significant costs associated with compliance…

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CIC goes from E3 billion to over E 5 billion worth of projects

By Delisa Thwala The Construction Industry Council (CIC) of Eswatini has registered over 1000 contractors valued at E 5 836 390 795 billion for the year 2023/2024. This was revealed…

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Interest rate goes down by 25 basis points

By Delisa ThwalaThe Central Bank of Eswatini (CBE) together with the monetary policy consultative committee have reduced the discount rate from 7.25% to 7.0%. This was announced by CBE Governor…

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Eswatini Co-operatives Celebrate E3 Billion in Savings

By Lwazi DlaminiThe cooperative sector in Eswatini is making significant progress and setting an example in the Southern African region, having amassed an impressive E3 billion in savings.This announcement was…

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NACAs receive E500,000 boost from Burkina Faso

By Siphesihle DlaminiThe NACAs, which play a pivotal role in recognizing and celebrating the artistic talents and cultural heritage of Eswatini, are poised to benefit immensely from this timely financial…

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25% of MTN Bushfire tickets sold

By Siphesihle DlaminiTicket sales for the MTN Bushfire festival have witnessed a record-breaking launch, with over 25% of the festival’s tickets already sold online and through the MTN MoMo WhatsApp…

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Financial Inclusion High in Eswatini

By Delisa Thwala The recently launched Digital Readiness Assessment (DRA) report has revealed that Financial inclusion is high in Eswatini.According to the National Financial Inclusion Strategy II (2023-2028) financial inclusion…

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Alcohol, Tobacco levy increase to boost domestic revenue

By Ncaba NtshakalaThe Minister of Finance, Neal Rijkenberg, revealed in Parliament when delivering the Mid-Term Review that the government plans to introduce a significant increase in the alcohol and tobacco…

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Over E 1 million lost in online fraud EBA reveals

By Delisa Thwala Eswatini Bankers Association (EBA) Chairperson Mvuselelo Fakudze says in the case of online fraud where the card is not present, they have recorded an amount of E1…

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