6 September 2021
The fund received E500M start up injection from Government. Today it was announced that Taiwan has contribution E330M towards the fund. Local companies contributed over E12.5million today. MVA Contributed E3.5million. EEC chipped in E2million. MTN, ERIC and Standard Bank donated E1million each. Other companies like Eswatini Bank, PSPF, ESRIC, EPTC, Montigny, Dalcrue, Standard Bank, EWSC, MVA, EEC, Eswatini Building Society, Fincorp, Tibiyo TakaNgwane, Happy Valley Hotel, Status Capital Building Society & Stanlib, Sugar Industry, Balondolozi Asset Managers and Inhlonhla Asset Managers.
The fund will assist towards rebuilding businesses that were damaged during the unrest.
One of the business owners who were affected, Make Mkhwanazi who is 85 years said “I would like to thank His Majesty the King for the provision of this reconstruction fund. It came at the time when we’ as small business owners were out of options on how we could recover our businesses from the losses suffered during the recent unrests in the country. We hope through God’s grace that all businesses affected by the unrests will benefit from this fund and go on to help those who were employed in them, so that we may reduce the current rate of hunger and poverty in the country.”
The launch was opened with with prayer scripture reading from Nehemiah 6:9
“For they all were trying to make us afraid, saying, “Their hands will be weakened in the work, and it will not be done.” Now therefore, O God, strengthen my hands.”
His Majesty encouraged the nation with a message that God has answered the prayers of the nation and everyone should go home and declare Hallelujah every where, in reverence to God.