AGP Executive Report
Last update: 9 hours agoSACU Industrial Push: At the 9th SACU Heads of State summit in Cape Town, leaders backed a “re-imagined SACU” agenda focused on industrialisation, regional value chains, customs modernisation and trade facilitation—Eswatini’s delegation included Finance Minister Neal Rijkenberg and Commerce/Industry Minister Manqoba Khumalo. Regional Finance Leadership: Afreximbank appointed Peter Adeshola Olowononi as Southern Africa Director of Regional Operations, with the region covering Eswatini and other SACU states—signalling continued support for industrial and infrastructure financing. Fuel Cost Watch: Eswatini’s energy minister hinted fuel prices may drop after easing Middle East tensions, while stressing the need for a strategic oil reserve given the country’s storage capacity for only days. Youth & Jobs Pressure: Eswatini’s State of the Youth Report 2026 flags 56% youth unemployment and rising social strain, including heavy alcohol use and youth crime risks. Energy/Agri Business Stress: Crookes Brothers reported a R274m loss tied to Middle East-driven input cost pressure, with macadamia nuts hit hardest. Logistics Expansion: SMSA Africa Logistics Group broke ground on a new head office, warehouse and workshop in Benoni, expanding services across Southern Africa including Eswatini.
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