AGP Executive Report
Last update: 31 minutes agoIndustrial Finance & Growth: Eswatini’s Industrial Development Company of Eswatini (IDCE) declared a E14.5m dividend for FY ending June 30, 2025, after a turnaround that lifted net profit to E103m and group assets to E1.8bn, with CEO Fairlie Mabuza pointing to targeted support for businesses and agricultural enterprises and faster, tailor-made lending. Creative Economy Royalties: ESWACOS says the first-ever royalty distribution for local creators is expected in the 2026/27 financial year after music tariffs were approved in late 2025 and licensing began in January. Border & Tourism Pressure: Ngwenya Border Post saw heavy traffic as thousands crossed from South Africa ahead of the MTN Bushfire Festival (House on Fire, today to Sunday), with police confirming long queues and ongoing arrivals. Cash Security Tech: Fidelity Services Group and Springbok prop Ox Nché launched next-generation armoured cash-in-transit vehicles, citing a 13% drop in CIT robberies in 2025 and claiming no attacks on newly deployed trucks. Energy Deal Watch: Eswatini signed a $300m agreement with Taiwan for a Phuzumoya Strategic Oil Reserve, raising questions about affordability amid poverty and unemployment concerns. Regional Trade Policy: China’s zero-tariff scheme for African exports (excluding Eswatini) is underway, with negotiations aimed at tackling non-tariff barriers for Zimbabwe.
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