Eswatini has signed a $300 million agreement with Taiwan to build a massive strategic oil reserve but the project is raising difficult questions in a country battling deepening poverty, soaring unemployment and allegations of elite enrichment
The Swazi government is being tight-lipped over details of a bailout package that has enabled the tiny kingdom to stay afloat.
The finance ministry has rubbished a report saying South Africa had granted Swaziland a R1.2-billion loan, saying a decision had yet to be made.
Swazi democracy campaigners have called off their planned boycott of the Bushfire Festival, due to take place at the end of this month.
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/ 19 September 2008
Swaziland’s banned political groups on Friday condemned the kingdom’s political system as Africa’s last absolute monarchy went to the poll.