Connect with us

Brand Voice

FOCUS ON ESWATINI: A Global Fortress of Innovation and Tradition

“The Kingdom of Eswatini continues to use its resources and capabilities to expand investment opportunities for both foreign and local business, as part of our national strategy for socio-economic growth. We spare no effort in our drive to access and secure international markets for our products as we see this to be a crucial link to the global economy.” His Majesty King Mswati III

Published

on

“The Kingdom of Eswatini continues to use its resources and capabilities to expand investment opportunities for both foreign and local business, as part of our national strategy for socio-economic growth. We spare no effort in our drive to access and secure international markets for our products as we see this to be a crucial link to the global economy.” His Majesty King Mswati III

Download the report

On April 19, 2018, Eswatini celebrated its golden jubilee since independence, and King Mswati III’s 50th birthday, with the King’s announcement that the nation would be adopting its pre-colonial name. In doing so, he confirmed the nation’s commitment to a new beginning; a mission previously kick-started by his 2017-2022 Vision focusing on making Eswatini a first world nation by driving ICT, tourism, agri-processing, manufacturing, energy and mining sectors. In alignment with the spirit of the Vision and in an unprecedented fashion, a new prime minister was then appointed a few months later, via a three-day People’s Parliament, Sibaya. Prime Minister, Ambrose Dlamini’s private sector mindset has been key in providing the appropriate shift required by the NDP and in putting together a new cabinet whose policies and reforms are driven by the provision of an innovative enabling business environment for investors and SMEs. “The private sector prioritises efficiency. Fifty percent of the assets under our supervision are going to provide the environment to attract FDI,” states Sandile Dlamini, CEO of Financial Services Regulator Authority (FSRA).  New legislations have since been set up to ensure rapid company registration and trading licences through e-platforms. “We have the basic economic infrastructure needed to attract international investment,” elaborates Dumisani J. Msibi, Group Managing Director of Fincorp.

Initiatives to spur the growth of ICT have been crucial in leading the way to rapid economic growth. “We need to invest in ICT, because it is going to be the engine for social-economic growth and key to growing national GDP,” explains Petrus Dlamini, MD of EPTC. The banking sector has partnered with fintechs to upgrade expertise and innovation. “The banking sector is a catalyst and big contributor to the GDP,” adds Fikele Nkosi, Nedbank’s MD.

Eswatini’s E240 million Royal Science and Technology Park was conceived and launched with the aim of providing a location for governments, universities and private companies to collaborate in advancing innovation, development and commercialisation of technology through a one stop facility. “Using technology to enable people to do business is the future of the industry,” asserts CEO of Standard Bank, Mvuseleo Fakudze.

Opportunities abound within Eswatini, with trade and touristical routes literally pushing Eswatini’s boundaries via railway tracks, the King Mswati III International Airport and new highways. Hon. Ndwandwe, Minister of Public Works and Transport elaborates: “Considering Eswatini’s land-locked status and strategic location between Mozambique and South Africa, the transport sector plays a pivotal role in ensuring accessibility and efficient movement of goods and services within the region, strengthening a regional logistics-hub position for the country.” Huge investments have been made to connect Eswatini to Mozambique and South Africa. “Geographically, we have an advantage, because to the south of this country you have one of the biggest cargo ports in Africa,” explains Stephenson Ngubane, CEO of Eswatini Railways.  On the other hand, major construction company, Inyatsi, is currently building a strategic highway connecting South Africa through to Mozambique via Eswatini’s airport. “Infrastructure drives the growth in any country and Eswatini has always been on the forefront of road development,” declares Group CEO of Inyatsi, Tommy Strydom.

Also crucial to national growth and development is the government’s prioritisation of its energy sector, aiming to be power sufficient by 2034 by harnessing the nation’s vast resources for renewable  energy, such as biomass, bagasse, hydropower, solar and wind. CEO of Eswatini’s Energy Regulatory Authority (ESERA), Vusumizi N. Mkhumane confirms: “We want to improve our power producer base, having a more cost-effective power delivery.”

As the nation’s largest industry and fourth-largest sugar producer on the continent, sugar cane grew 735,000 tonnes of sugar in 2017/18 alone. In order to support and sustain its sugar belt, and other crops, the government has implemented climate adaptive initiatives: Komati Downstream Development Project (KDDP), Lower Usuthu Smallholder Irrigation Project (LUSIP), as well as LUSIP II which will enlarge available irrigated farmland for local smallholders. Samson Sithole, CEO of ESWADE states: “We have the opportunity at ESWADE to move people from traditional agriculture to commercial agriculture; we want them to produce and to feed the world.”

Key to the nation’s ability to fulfil its vision is its highly educated population, and its commitment to progress and ancient customs. But ultimately, according to Prime Minister Dlamini, “peace and stability is the main glue that holds us together as a nation and has allowed business to flourish.”

Brand Voice

How Inverroche Is Pioneering South Africa’s Craft Gin

Published

on

By

Inverroche is a progressive craft distillery that pioneered craft gin in South Africa, creating uniquely South African spirits using rare hand-harvested wild African Fynbos botanicals. A true proudly South African product, Inverroche is built on family and prides itself in creating a niche product which looks as good as it tastes.

Lorna Scott

Founded by Lorna Scott and her family in Still Bay, this petite distillery has grown from a small home industry to a pioneering craft distillery and leader in the world of craft Gins. Inverroche is located in Still Bay in the Cape Floristic region which hosts one of the highest known concentration of plant species known as Fynbos. Famous for its large and diverse variety of botanical species – the South African heritage is intertwined beautifully into the Inverroche brand.

Fynbos has long been used by indigenous people for medicinal and culinary purposes but is now under threat due to agricultural development and invasive alien plants. Lorna felt that one way of preserving fynbos would be to find a commercial use for it and to create a global brand telling the story of these historically significant plants which contributed to the emergence and survival of modern humans. BY doing this she created an abundance of jobs for the local community and this is portrayed by the in excess of 70% local female workforce employed by the distillery.

The Inverroche distillery lies at the confluence of the Goukou River and the Indian Ocean near the coastal resort of Still bay in the Western Cape. Vineyards, olive groves and Fynbos surround the distillery itself, with ancient Milkwood trees marking the boundaries of the estate. The name Inverroche was an amalgamation of French and Celtic words, combined to celebrate the unique geography surrounding the distillery (‘Inver’ refers to the confluence of waters, ‘Roche’ is the French translation of the word rock).

The distillery’s three gins were launched on 16th December 2011, which incidentally, is also the first time that they opened their doors to the public. From selling a few bottles on that first day to now being the leading South African Luxury Gin in both South Africa and abroad.

Each variant of Inverroche (Classic / Verdant & Amber) is carefully created with fynbos from the various areas (Limestone rich lowlands / mountainous terrain / coastal region ) which make them truly unique spirits.

Try the below Gin & Tonic serve with the Inverroche Amber Recipe

Drink Serve Recipe

NAME: AMBER G&T

50ML INVERROCHE AMBER

200ML INDIAN TONIC WATER

3 DASH BITTERS

GARNISH WITH FIG JAM AND SESEAME SEEDS

Continue Reading

Brand Voice

Charmaine Mabuza Honoured With FORBES WOMAN AFRICA Social Impact Award

Published

on

By

Brand Voice by Zamani Holdings and ITHUBA

Group CEO of Zamani Holdings, Charmaine Mabuza was honoured with the Social Impact Award at the 2020 FORBES WOMAN AFRICA Leading Women Summit held in Durban ICC recently.

This award recognizes Mabuza for her measurable philanthropy that has positively impacted the lives of many South Africans for the past 21 years. 

At the top of her philanthropical projects is the Eric and Charmaine Mabuza Scholarship Foundation which she founded with her husband, Advocate Eric Mabuza in 1999. The Scholarship Foundation started in Mpumalanga, where the Mabuza’s business hub is centered. Speaking to Ukhozi FM in an interview, Charmaine Mabuza said that together with her husband, they funded this foundation straight from their pockets. “Both my husband and I come from humble beginnings and we know what it’s like to not have means to study further, especially when you believe that education is your way out of poverty. So when we started making good profits from our small businesses at the time, we decided to dedicate a portion of our personal income to funding tertiary education fees of previously disadvantaged children”, said Mabuza.

Powered by Zamani Holdings, the Scholarship Foundation later expanded its reach to the rest of South Africa, supporting over 160 students countrywide, many of which have qualified as Doctors, Chartered Accountants, Engineers, Quantity Surveyors and many more. The 2020 Scholarship Foundation programme launched on 13 January, with an intake of 21 students.

Zamani holdings has empowered the rest its group of companies to roll out CSI initiatives that truly transform the lives of ordinary South Africans. At the forefront of these initiatives is ITHUBA, the South African National Lottery Operator and Zamani’s flagship company.

In July 2017, ITHUBA launched the ITHUBA Female Retailer Development programme, specially designed to empower women who own spaza shops and informal supermarkets, who currently sell National Lottery products, from all around the country. This included women from previously marginalized communities in the rural outskirts.

In collaboration with reputable institutions such as Regenesys and the University of Johannesburg, this programme has upskilled over 100 women in retail business. The latest group of 14 women graduated in October 2019 at the University of Johannesburg’s Kingsway campus, each being awarded a qualification in Advanced Entrepreneurship and Social Innovation.

Zamani’s Social Responsibility initiatives include:

  • ITHUBA Graduate Programme: An annual skills development programme for graduates within the Marketing, Finance, IT, PR, HR and Logistics fields, with intake of 13 students in 2020.
  • Youth Enterprise Development:  Eradicating youth unemployment through developing upcoming entrepreneurs and helping them build sustainable, profit making business. 
  • Housing project: A project that builds houses for employees in the lower income brackets, who have been in the employment of the company for 10 years and more.
  • A media campaign to condemn femicide and violence against women.

“I firmly believe that education is key to eradicating poverty and injustice. This is why all of our initiatives are based on imparting knowledge and skills. Through education we empower, through education we liberate” said Mabuza.

Continue Reading

Brand Voice

FOCUS ON NIGERIA: The Next Level For Africa

Published

on

“Foreign companies, especially oil prospects and development companies, have been in Nigeria for about two generations – 40 years and above and so on. So, they know the environment. They stayed that long. They continue to invest because they know the potential Nigeria has in oil and gas and the capacity of the people to learn and work hard.” H.E. Muhammadu Buhari, President of Nigeria

With the recent re-election of President Muhammadu Buhari, Nigeria has secured an additional four years with an administration that is dedicated to the nation in its efforts to continue its path toward bringing Africa to the next level. With the largest population on the continent, domestic demand in Nigeria continues to rise while resources and favourable demographics are attracting the strong flow of FDI. As one of the leading markets in the continent, investment possibilities in the country cannot be overlooked. Improved macroeconomics, which are supported by recovering oil prices and production, has ensured that Nigeria maintains the title of the largest economy in Africa. This title is largely aided by Nigeria’s powerhouse of GDP generation: oil and gas.

Nigeria has seen strong and steady growth in the oil and gas sector over the past sixty years when petroleum was officially discovered. To bring the reality of the oil and gas industry into perspective, the first quarter of 2018 reported that sales of crude oil made up 76.3% of Nigeria’s export earnings, bringing in about US$11.7 billion. In the same time span, processed oil products (e.g. condensates and lubricants) earned an additional US$1.75 billion, which accounted for an additional 11.4% of the total export earnings. In regard to contributing to the immense success of the industry, Segun Adebutu, CEO of Petrolex says, “As integrated energy conglomerate with strategic investments across the energy value chain, we are committed to building communities, transforming lives and driving economic growth and development in Nigeria.”

Driving economic growth and development is ultimately the central goal of His Excellency President Buhari’s administration. H.E. President Buhari says, “The administration is committed to responsibly managing our oil wealth endowments.” The administration’s commitment is further brought to life through a focus on infrastructure development. Nigeria currently has several on-going and upcoming gas projects in the works for the rapid development of the country’s energy sector. One such project is the 614km Ajaokuta-Kaduna-Kano (AKK) pipeline. The AKK pipeline is a continuation of infrastructure built for the domestic gas market. “The AKK pipeline is part of the Gas Master Plan,” says Emeka Okwuosa, CEO of Oilserv. “It is going to move 1.5 billion scf of gas a day and provide resources for power generation and other energy requirements. It is not only a development of the north; it is such for the entire country. So, this single project can transform the whole of Nigeria in terms of industrial capacity.”

The implementation of the AKK pipeline will only further Nigeria’s potential in the industry, specifically by monetising the incredible opportunity in the gas market. Focus on this type of infrastructure is testament to how the current administration is embracing the Gas Master Plan, which is poised to help Nigeria become the gas hub of West Africa while improving the socio-economic development of the nation. Recently, State Minister of Petroleum Resources, Hon. Chief Timipre Marlin Sylva has declared 2020 as “the Year of Gas”, and this proves to be true as the country makes moves to capitalise on gas and improve its local energy distribution. With an extensive roadmap in place, the gas revolution is on the right track to usher in Buhari’s vision for a next-level Nigeria.

Reflecting this dedication to the next level of the sector, Chief Tunde J. Afolabi, Chairman & CEO of Amni, speaks of the potential of gas in the country: “Given that Nigeria has three to four times more gas than oil, companies such as ours should focus more on gas; in our discovery of gas reserves we should look to harness and monetise the gas as we go along. The government is making a requirement that when looking for oil, companies must find a solution for the gas before they are allowed to produce oil.” This mentality will inevitably evolve the prosperous sector toward new avenues and make even greater use of the natural resource. 

While the oil and gas industry continues to sustain further growth in forthcoming years, FDI remains crucial for the sector and new investments keep being launched to make sure it continues sustained growth and development. Tein T.S. Jack-Rich, Founder and President of Belemaoil, says “Nigeria has been pretty predominant in the oil business. Nigeria has great potential. We have the demographics to decide the right economic framework.”  Investment opportunities range from upstream oil and gas production, such as deposits or drill wells, or in downstream production that focuses on the post-production of crude oil and natural gas activities, such as seen in refineries plant production, or sales. Within any level of exploration, extraction or production, the partnering opportunities are immense.

Under the guidance of H.E. President Buhari’s administration and the Gas Master Plan, the oil and gas sector is destined to spur economic growth and drive industrialisation with linkages to other key sectors such as construction, ICT, power, railways and agriculture. H.E. President Buhari is confident in the future of Nigeria, saying, “We have laid the foundations for a strong, stable and prosperous country for the majority of our people.” As such, the upcoming years are sure to prove that the “Year of Gas” is, in reality, a new era for the industry, which will further signal a new age for Nigerians by creating jobs, facilitating investment, and offering greater access to electricity. While it is known that oil is a constant, Nigeria is showing that gas will continue to play an increasingly important role to ensure that the nation progresses forward towards the next level.

Continue Reading

Trending