The Eswatini Investment Promotion Authority (EIPA) today facilitated site visits to the Kellog Tolaram and Triomf factory shells. The entry of both companies into Eswatini was facilitated by EIPA and is expected to result in job creation and increased export flow from The Kingdom.
The construction of both factory shells has been managed by EIPA who will also continue to maintain the structures as part of its Facilitation and Aftercare programme.
Speaking at the site visits EIPA CEO, Mr Sibani Mngomezulu gave context on the need for factory space in relation to inviting investors into Eswatini; “The availability of factory shells in the country has a direct impact on attracting FDI into the Kingdom. If we create spaces for industries to set up operations within our borders, we are enabling an environment that is attractive to further opportunities for growth. Eswatini is strategically positioned for ease of market access to the rest of the continent and the world. We have close proximity to ports and well developed road networks. We are also a member of various trade
agreements which provide added convenience to the process of moving goods in and out of our borders.
The entry of both Triomf and Kellogg Tolaram into Eswatini will contribute to the economic growth we
seek in Eswatini, assisting in supporting the growth and economic recovery plans recently released by
Government. Both companies will also export what they produce here, increasing the country’s export
activity.”
Kellogg Tolaram which recently announced its entry into Eswatini will make an investment of roughly
E100m into the country’s economy while also creating good quality jobs for locals with the appropriate skills. Its investment in the noodles production facility, will allow Kellogg better market access and accelerate noodles market penetration into the African continent. Eswatini’s membership of SACU, SADC and COMESA trading zones has put Eswatini in a strategic position for this expansion.
Triomf has made an estimated investment of E131 million in Eswatini which will be done in two phases.
The first phase of expansion will focus on development, installation and testing of the fertilizer blending plant. Phase 2 will involve capacity building in line with the company’s strategic objectives. The fertilizer that will be produced by Triomf will allow farmers the opportunity to expand their yield potential and profitability at a commercial scale.
