There are reports that over 80% of women between the ages of 60 and above as well as 70% men are living in poverty in Swaziland. This coincidentally started at a time when the government of Swaziland is having financial issues. The government is out of cash and therefore, is unable to pay pensions it owes the elderly and people entitled to such payments. The figures were presented in program...
Development is in progress on the R4 billion mixed-use Oceans mall construction in Umhlanga. The construction composes a world-class shopping mall with more than a hundred stores, permanent residence, with a new Radisson Blu hotel. Two of Africa’s largest state of the art retailers anchor the mall. The mall will also offer some specialty stores and international super brands like Burberry, Versace,...
A mega project which will link Mozambique’s Nacala port to Moatize coal mine has received financial support majorly from Vale and Mitsui companies. Vale, a Brazilian mining company in partnership with Mitsui, Japanese company signed an agreement to finance NCL project with $2.73 billion. The consortium of financial institutions including Standard Chartered Bank, Sumitomo Mitsui Banking, Sumitomo Mitsui...
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