Gavin Hudson, CEO of the agriculture and agri-processing business Tongaat Hulett, declared that the company would be selling its Tambankulu Sugarcane Estates located in the city of Eswatini to the country’s Public Service Pensions Fund (PSPF) for a price of R375-million. PSPF was considered to be a potentially major strategic shareholder in the business. Hence, the sale is completely in compliance...
investment
To boost the economy devastated by the ongoing coronavirus pandemic and subsequent lockdowns, the southern African Kingdom of Eswatini has devised a 30 billion emalangeni ($1.73 billion) plan entitled the “Marshall Plan”. The latter intends to gather investments in 97 projects situated in seven industries, from agriculture to textiles, which will help create over 39,000 job opportunities. The...
Portugal-based GoParity Impact Investment Platform has announced the co-finance of a solar photovoltaic power plant at the Good Shepherd Mission Hospital in Siteki, Eswatini, capital of the Lubombo district. The project, known as SolarWood Hospital, will allow the hospital to become increasingly self-sufficient in electricity generation and become less dependent on the domestic electricity...