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Eswatini Financial Times

Technology

Ghana has lost $11 billion to gold smuggling, links to UAE

Ghana is losing billions of dollars in revenue annually to smuggling from its booming artisanal gold mining sector with much of the gold flowing to the United Arab Emirates, according…

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Eswatini Mobile to invest millions into arts sector

By Delisa Magagula Eswatini Mobile has announced plans to invest millions of Emalangeni into the country’s creative industry through the sponsorship of music shows, live events, and other artistic projects.The…

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PAC demands answers as E1.3 bln overdrawn in Phalala Fund account

By Kwanele Dhladhla The Public Accounts Committee (PAC) has instructed the Ministry of Health to address the financial conundrum, which has resulted in E1.3 billion overdrawn balances in the Phalala…

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AfDB, Eswatini relationship is solid

By Thokozani Mazibuko The African Development Bank (AfDB) has solidified its commitment to Eswatini with a remarkable increase in its active portfolio, rising from $222.5 million (about E4 billion) in…

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Choral Competition is a catalyst for change, cultural pride

Nhlanhla Dlamini, the Executive Secretary of the Teachers Service Commission, emphasised the profound impact of this event beyond mere musical performance. “The Choral competition is more than just a musical…

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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…

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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…

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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…

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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…

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South Africa wants $100 a barrel oil before selling more crude stocks

South Africa will wait for global oil prices to rise to around $100 a barrel before selling more of its strategic crude reserves, a senior energy official told Reuters. The…

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