Africa-Press – Eswatini. Eswatini’s energy sector took center stage at the 10th Powering Africa Summit, where the country’s minister for Natural Resources and Energy, Prince Lonkhokhela, outlined investment opportunities and strategies for energy security.
Speaking before an audience of government officials, energy executives, and investors, the minister reportedly emphasized Africa’s vast untapped potential in renewable energy, citing biomass, solar, hydro, thermal, and geothermal power as viable solutions.
He highlighted that Eswatini was ‘open for business’ and seeking strategic partnerships to expand local energy generation.
Prince Lonkhokhela was quoted as saying that Eswatini’s primary objective was to achieve energy security through increased local power production.
Industry analysts noted that this move could significantly reduce the country’s reliance on imported electricity, ensuring greater stability in the sector.
Minister Lonkhokhela with other stakholders
In an appeal to potential investors, the minister pointed to the longstanding presence of multinational corporations like Coca-Cola, Kellogg’s, and Mondelez in Eswatini, underscoring the country’s conducive investment climate.
He reportedly urged US companies to explore opportunities in the energy sector, highlighting Eswatini as a stable and attractive destination for foreign direct investment.
With Africa’s energy demand expected to rise, experts at the summit suggested that Eswatini’s proactive engagement in global energy discussions could position it as a key player in the regional energy transition.
Business Takeaways:
Investment Opportunities: Eswatini presents diverse energy investment opportunities in renewables.
Policy Shift: The government is prioritizing local energy generation to enhance security.
Investor Confidence: A stable business environment is attracting foreign investors.
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