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Economic growth

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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Mining boom in South Africa sets stage for growth in Eswatini’s mining sector

By Ncaba NtshakalaThe recent surge in South Africa’s mining production, which increased by 4.7% year-on-year in September 2024, has surpassed expectations and provides a strong indication of the sector’s resilience…

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360 Facata cases valued at over E 3 million

By Delisa Thwala To date, the Royal Eswatini Police Service (REPS) statistics show that a total of 360 Facata cases have been reported to the Police with a total value…

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Phalala Fund E1.3 billion in the red

By Lwazi DlaminiThe cat is finally out of the bag!The suspension of the Phalala Referral Fund by the Government last year came because of a staggering over E1 billion debt.The…

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