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The African Kingdom of Eswatini devises a $1.7 Billion Plan to Boost Coronavirus-Hit Economy

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 […]

Swaziland’s low institutional and economic strengths reflected in the B2 negative credit rating by Moody

Swaziland’s low institutional and economic strengths reflected in the B2 negative credit rating by Moody

Moody Investor Solutions ranked Swaziland with a B2 negative credit profile in its latest annual report. The negative credit portrays Swaziland’s low strengths in economic and institutional capacity sectors. However, a relatively strong affordability of external debts and low debts margins balance to the two lows. According to Moody’s Vice President and Senior Analyst, Zuzana […]

Weak South Africa and EU demand to prevent growth in Swaziland

Weak South Africa and EU demand to prevent growth in Swaziland

In the coming quarters Swaziland will see only a modest growth in its economy following the government spending on construction projects, improving weather conditions and a small growth in textile manufacturing. The forecasts of economy growth is expected to be of 0.7% in 2017 and average 1.0% between 2018 and 2020 but even though this […]