MBABANE - Managing and advising on client funds totalling just under E7 billion through sustainable and impact-driven projects has become one of the defining pillars of Old Mutual’s operations.
The financial services giant is celebrating 181 years of existence, marking over a century and eight decades of resilience, innovation and unwavering commitment to helping customers achieve financial well-being across Africa.
As the organisation commemorates this milestone, Old Mutual Eswatini joins in celebrating not only the group’s enduring legacy, but also its own transformative journey in the kingdom over the past 17 years.
The company says its responsible investing approach is increasingly being channelled towards projects that deliver long-term economic value, strengthen infrastructure development and generate wider social benefits for the kingdom.
Speaking as the company commemorates 181 years since its establishment in 1845, Old Mutual Eswatini CEO Muzi Bell said Old Mutual’s investment philosophy goes beyond preserving client savings, but seeks to deploy capital into sectors that contribute meaningfully to Eswatini’s development agenda.
Bell said through its responsible investing and assets under advice portfolio, the company is now managing and advising on client funds amounting to just under E7 billion.
“Sustainability and inclusive growth guide our investments. By aligning capital with projects that generate jobs, support small enterprises and protect the environment, Old Mutual contributes to broader economic resilience,” said Bell.
He added that the company’s responsible investing lens ensures that client savings are deployed towards projects capable of creating lasting national impact.
“Our responsible investing lens means that clients’ savings are not only preserved but deployed to create long-term value for the kingdom.
On our responsible investing and assets under advice front, we now manage and advise on client funds totalling just under E7 billion, with a clear focus on sustainable, impact-driven projects that deliver long-term value and social benefit,” he said.
As part of its anniversary celebrations, Old Mutual highlighted that its 181-year journey reflects resilience, innovation and a long-standing commitment to improving financial well-being across Africa.
Founded in Cape Town in 1845, the company has grown into one of Africa’s largest financial services groups, operating across several countries on the continent.
The anniversary also coincides with Africa Day, reinforcing the company’s historic ties to the continent and its long-term commitment to African economic growth and empowerment.
In Eswatini, Old Mutual has been operating for the past 17 years and says it has established itself as a trusted financial partner through a wide range of offerings that include life insurance, savings, investments, employee benefits and corporate financial services.
Over the years, the company has also invested significantly in financial literacy programmes, entrepreneurship initiatives, youth empowerment projects and broader community upliftment activities aimed at improving livelihoods.
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… big on renewable energy investments
MBABANE - Old Mutual is increasingly positioning itself as a key player in Eswatini’s renewable energy transition through strategic investments in hydro and solar power projects.
These projects are aimed at strengthening the country’s electricity security and supporting sustainable development.
Among the company’s flagship investments is the Lower Maguduza 13.5 megawatt hydro station currently under construction and expected to be completed in February 2027.
Once operational, the hydro project is expected to improve grid resilience and help address electricity shortages facing the country amid growing demand from households, businesses and industry. Bell said the company is also supporting the Tsamela 20 megawatt solar development project, a utility-scale renewable energy initiative designed to provide clean and affordable electricity to the national grid, while contributing towards energy diversification.
The project aligns with Eswatini’s broader ambitions to increase renewable energy generation and reduce dependence on imported electricity.
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Old Mutual Eswatini CEO Muzi Bell. (Courtesy pics)