Tibiyo Taka Ngwane, meaning ''wealth of the nation'', is a Swazi

sovereign wealth fund A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as ...

which was created through royal charter under the reign of

King Sobhuza II Sobhuza II (; also known as Nkhotfotjeni, Mona; 22 July 1899 – 21 August 1982) was ''Ngwenyama'' (King) of Swaziland (now Eswatini) for 82 years and 254 days, the longest verifiable reign of any monarch in recorded history. Sobhuza was bo ...

in 1968. The company is currently held by

King Mswati III Mswati III (born Makhosetive Dlamini; 19 April 1968) is the ''Ngwenyama'' (King) of Eswatini and head of the Swazi royal family. He heads an absolute monarchy, as he has veto power over all branches of government and is constitutionally immune ...

in trust for the Swazi nation and is separate from the government. It was formed by

at independence in 1968 by Royal Charter to promote and encourage peace and stability, to preserve culture and tradition and to promote a high standard of living for the Swazi Nation through provision of employment. It has stakes in agriculture, property, a printing company, and it is the sole owner of the Eswatini Observer. Tibiyo is a shareholder in many companies such as the Royal Eswatini Sugar Corporation (RES Corporation), Maloma Colliery Limited, Lubombo Sugar, Parmalat Swaziland, Simunye Plaza, Bhuna Mall, Swazi Spar Holdings, Eswatini Beverages, Alexander Forbes, Fincorp, Tibiyo Leisure Resorts trading as Royal Villas and many subsidiaries across the country. In 2009 a group of Swazi organisations called for Tibiyo Taka Ngwane to be converted to a government department that would be open for public scrutiny.

References

External links

Official website of Tibiyo Taka Ngwane
Companies of Eswatini Conglomerate companies established in 1968 1968 establishments in Swaziland {{Africa-company-stub