Eswatini’s PSPF Nears Completion of E570 Million Property Investments, Prime Minister Tours
MBABANE – The Public Service Pension Fund (PSPF) is on the brink of completing its ambitious property development projects in Mbabane, valued at E570 million. These projects, including 13 blocks of three-storey buildings and the conversion of the Eswatini Association of Savings and Credit Cooperatives (ESASCCO) building into a premium office complex, represent a significant investment in the country’s infrastructure and economic development. Prime Minister Rusell Mmiso Dlamini recently toured these sites, commending PSPF’s efforts and urging further investment in Eswatini.
Strategic Investments and Local Development
The PSPF has allocated approximately E124 million towards the development of 13 blocks of buildings, with an additional E450 million invested in transforming the ESASCCO building. Scheduled for completion by October 2025, these properties are expected to significantly enhance Mbabane’s urban landscape and provide high-quality office spaces. The Prime Minister highlighted the importance of these investments in stimulating local economic growth and achieving PSPF’s strategic objective of increasing local investments to 50 percent.
Prime Minister’s Encouragement for Expansion
During his visit, Prime Minister Dlamini applauded PSPF for its role in fostering economic development within Eswatini. He emphasized the need for the organization to expand its investment portfolio, particularly in sectors such as aviation, rail, energy, and mining. Dlamini’s call to action also included an invitation for PSPF to participate in an upcoming Investment Indaba led by the Ministry of Commerce, Industry, and Trade, aiming to generate over E1 billion in investments for innovative initiatives.
Looking Towards Eswatini’s Economic Future
The Prime Minister’s engagement with PSPF underscores the government’s commitment to leveraging local institutions in driving national development. By investing in strategic sectors and infrastructure, PSPF is poised to play a crucial role in Eswatini’s economic landscape. The completion of these property projects, along with potential future investments, could herald a new era of prosperity and growth for the kingdom.
