On the 5th of December 2023, the First National Bank of Eswatini (a provider of personal, commercial, andcorporate banking services to customers in Eswatini) commenced trading on the Eswatini Stock Exchange. Itis paramount to state that FNBE is listing by way of Introduction and not by common IPO. An introductionis an application for listing of securities already in issue where no marketing arrangements are requiredbecause the securities for which listing is sought are already of such an amount and so widely held that theiradequate marketability when listed can be assumed.

Moody's Investors Service, ("Moody's") has downgraded the Government of eSwatini's long-term issuer rating to B3 from B2, and changed the outlook to stable from negative.

The central bank of Eswatini, formerly the central bank of Swaziland, lowered its discount rate by 100 basis points to 5.50 percent along with other measures to support the economy in the short to medium term due to the impact of the coronavirus while safeguarding the credibility of the exchange rate peg.