Times Of Swaziland: ESWADE’S E100M BUSINESS LOANS

ESWADE’S E100M BUSINESS LOANS
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BY KWANELE DHLADHLA  on 12/02/2019 00:18:00


MBABANE – ESWADE means business.  The Eswatini Water and Agricultural
Development Enterprise (ESWADE) has disclosed that it continues to prioritise
ensuring that local business concepts see the light of day to reduce poverty and
also bolster the economy.
“Business plans that have obtained loans as created by the (ESWADE) business
unit are in excess of E100 million,” ESWADE disclosed in their 2017/18 annual
report.
It was explained that this unit also mentored management of young companies to
perform at the highest thresholds of success with excellent sound business
procedures and corporate governance. Consultation services were offered for
sugar cane, alternative cash crops and livestock enterprises.
Empowering
Apart from issuing empowering businesses to be able to achieve their goals,
ESWADE also mentioned that they had pumped in E45.3 million through the
procurement of goods and services.
It was disclosed that these were procured through open tender and were necessary
for the development of the project development areas, coordination and the
running of studies to inform project implementation decisions.
“Tenders that were successfully procured were 17 and comprise the E45.3
million,” reads the report in part.
It was reported that local and international companies won the tenders during
the procurement stage of each of the tenders.
ESWADE reported that the procured goods and services were financed by government
and international funders.
During the year, there were 14 other contracts in progress that had started in
the previous period.