A report carried out in the local Swazi Observer newspaper last week said eSwatini has taken major loans from Taiwan to build an international conference centre and a luxurious hotel.
In return, the kingdom allegedly pledged its public assets as collateral should it default on repayment. eSwatini’s Minister of Finance, Thambo Gina, denied the report and said the kingdom’s laws do not allow public assets to be given up as collateral for loans.
There's more to this story
Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
Already a a subscriber Sign In