AGP Executive Report
Last update: 8 hours agoCentral Bank Update: The Central Bank of Eswatini says it now holds gold reserves worth E195 million, adding that gold purchases (2,500 ounces in July 2025) are meant to diversify reserves and protect the economy; it also reports gross official reserves averaged E11.5 billion in 2025, with May 29 reserves at E8.8 billion (about two months of import cover). Immigration & Justice: In Mbabane, an alleged online gambling kingpin, Lyu Tao, has withdrawn his bail bid as his trial nears, while separate court claims allege immigration officials issued forged documents leading to arrests at the airport. State Enterprise Governance: The new managing director of EPTC, Thulani Fakudze, has been tasked with restoring integrity and financial sustainability, with the ICT minister warning him not to compromise the law. Digital Skills for Tax Administration: ERS signed an MoU with the University of Eswatini to train 650 employees in AI literacy through the UNESWA AI Academy. Children’s Rights & Services: Government launched Children’s Month with a push for universal water, sanitation and hygiene access for every child. Regional Diplomacy & Pressure: China renewed warnings to Eswatini over Taiwan-linked “dollar diplomacy,” while Taiwan’s legislature condemned Beijing’s alleged pressure that derailed Lai’s planned Eswatini trip. Labour Rights Watch: A global workers’ rights index flags South Africa for rising attacks and interference affecting unions and collective rights.
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