eSwatini unveils $92.8m worth of FDI

The government of eSwatini has introduced Chief Executive Officers of eight foreign companies that are bringing a total investment of $92.8 million. The companies and the amounts they are investing are Kellogg’s $12.9 million), Ava Pharm ($32.1 million), Clockwork Giant Clothing ($31.4 million), R.M.E Bullion ($10 million), Jonsson Workwear ($7.1 million), Taiwan Avocadoes ($2.5 million), Air Liquide expansion ($2.1 million) and Care First ($714,300).

Minister of Commerce, Industry and Trade Manqoba Khumalo said these investments will create employment opportunities for 3 439 people in the clothing, art refinery, food, medicinal and environmental sectors.

The minister stated at Thursday’s launch that the above figure reflects direct jobs that will be in the taxable bracket. He said there will be an extra 1 800 indirect jobs which will comprise of support staff.

The CEOs of these companies have already met with Prime Minister Ambrose Dlamini, who said the development was in line with the recently-launched Strategic Roadmap 2019-2023 that sets to create at least 10 000 jobs per year for the next five years.