ESWATINI

ESWATINI RECEIVES USD 108.28 MILLION LINE OF CREDIT FOR NEW PARLIAMENT BUILDING

Posted on by Gambeta News
ESWATINI RECEIVES USD 108.28 MILLION LINE OF CREDIT FOR NEW PARLIAMENT BUILDING

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended Line of Credit [LOC] of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for construction of a new Parliament building in Eswatini. The LOC Agreement to this effect was signed through exchange between Mr. Nirmit Ved, General Manager, Exim Bank, and H.E. Mr. Neal H Rijkenberg, Hon’ble Finance Minister, Government of the Kingdom of Eswatini (Swaziland). With the signing of…

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ESWATINI LAUNCHES NATIONWIDE REHABILITATION OF ROADS

Posted on by Gambeta News
ESWATINI LAUNCHES NATIONWIDE REHABILITATION OF ROADS

Eswatini’s Minister of Public Works & Transport Chief Ndlaluhlaza Ndwandwe has officially launched the 2021 nationwide rehabilitation of 400 kms of roads worth E48 million. The project has begun with the rehabilitation of the 20kms Luganganeni-Kukhanyeni road. The project will see Government conducting a rehabilitation of road beds across selected unpaved district roads in all four regions of the country. The Luganganeni-Kukhanyeni stretch is being rehabilitated by Roots Construction. Minister Ndwandwe: “We acknowledge that our…

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ESWATINI SELECTS ’GLOBELEQ-STURDEE’ ENERGY CONSORTIUM FOR SOLAR PV PROJECTS

Posted on by Gambeta News
ESWATINI SELECTS ’GLOBELEQ-STURDEE’ ENERGY CONSORTIUM FOR SOLAR PV PROJECTS

Globeleq, a leading independent power generation company in Africa, and its consortium partner, Sturdee Energy Southern Africa, an independent power producer focused on renewable energy projects in Sub-Saharan Africa, confirm they have been awarded preferred bidder status for two 15 MWac projects in the first tranche of the Kingdom of Eswatini’s procurement programme for new renewable generation capacity.  The Eswatini Energy Regulatory Authority (ESERA) officially released the intention to award notice on 14 April 2021…

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KINGDOM OF ESWATINI LOOKS INWARD TO RAISE FUNDS FOR NATIONAL DEVELOPMENT

Posted on by Gambeta News
KINGDOM OF ESWATINI LOOKS INWARD TO RAISE FUNDS FOR NATIONAL DEVELOPMENT

The southern African Kingdom of Eswatini is overhauling its tax system and reducing its debt arrears as it seeks to shore up its finances amid the coronavirus pandemic. The landlocked nation intends introducing new levies to increase its tax take and bring more individuals and entities into the net, Finance Minister Neal Rijkenberg said in an interview. The government estimates that the so-called “shadow economy” of illicit and informal activity, accounts for about 40% of…

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