Mbabane – Eswatini Stock Exchange chief executive officer Simanga Mdluli says the listing of AGSPAC Limited marks another step in strengthening the growth, credibility and ambition of the country’s capital market.
Mdluli was speaking in Mbabane during the bell ringing ceremony held to mark AGSPAC Limited’s official listing on the Exchange. He said the development goes beyond the admission of a new company, pointing to continued progress in the maturity of Eswatini’s financial ecosystem.
He thanked AGSPAC for opting to list on the local exchange, saying the move sends a clear message that Eswatini’s capital market is open for business and able to support a range of investment products that mobilise capital for productive economic use.
Mdluli said the Exchange was proud to receive AGSPAC Limited, describing the listing as a milestone for the ESE and its growing portfolio of issuers.
He acknowledged the collective effort behind the transaction, commending the sponsoring broker, corporate advisers, legal advisers, auditors and transfer secretaries for their professionalism and technical expertise. He also credited the ESE Market Committee and Exchange staff for their role in safeguarding the integrity and success of the listing process.
According to Mdluli, listings require discipline, collaboration and a strong commitment to quality, noting that such achievements are the result of careful planning rather than chance.
He said the AGSPAC listing aligns with the Exchange’s strategic direction to expand the number, diversity and sophistication of products and issuers. A broader offering, he said, attracts a wider investor base, improves liquidity and trading activity, and strengthens overall market confidence.
Mdluli said increased liquidity and visibility help create conditions that encourage more companies to list, supporting sustained growth of the market.
He said the ESE aims to position itself as a platform that emaSwati can trust and participate in, while serving businesses as a credible channel for capital raising, transparent price discovery and access to long term funding. He added that well functioning capital markets play a key role in mobilising savings, attracting foreign investment and contributing to national productivity and fiscal sustainability.
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