Latest Africanss News/February 12, 2019/ Frank Ikpefan, Abuja /No Comment/157 views Swaziland: R4.8bn for a Prestige Eswatini Project – for a Summit Unlikely to Happenshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancelanalysis An extravagant prestige project allegedly commissioned by eSwatini’s absolute monarch Mswati III for the hosting of 2020’s African Union summit has more than quadrupled in price to R4.8-billion, amaBhungane has been told. It has also been learnt that eSwatini (formerly Swaziland) has not formally applied to stage the summit and is considered unlikely to host the event. ALSO READ PHOTOS: President Buhari In Daura For APC Ward CongressThe project in question is the International Convention Centre (ICC) and Five-Star Hotel currently under construction in the hotels hub of the Ezulwini Valley, between Mbabane and Manzini. Given the depressed state of eSwatini’s hospitality industry, it is widely seen as a potential white elephant. A senior source in eSwatini’s ministry of finance told amaBhungane that the cost of constructing the two structures was now set at R4.8-billion — a massive escalation from the R1-billion reported in the media in 2013, when the project was first unveiled. ALSO READ Zehabesha Daily Ethiopian News June 10, 2018Bertram Stewart, principal secretary in the ministry of economic planning and development, which is overseeing the project, would neither confirm nor deny the new cost projection. “We are not going to entertain figures from ghosts who cannot be named. Kindly attribute your figures to your sources,” he said in an emailed response. ALSO READ La question du troisième mandat : l’Afrique doit-elle suivre l’Orient ou l’Occident ?“When the project is… Leave A Comment Below Related share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleMaun water woesnext articleUzodinma, Araraume Boycotts Imo Peace ParleyRelated PostsLatest Africanss News/February 22, 2019 /No Comment Why do faculty members protesting in Sabha University?Latest Africanss News/February 22, 2019 /No Comment COMESA, EU sign €10m facility to support private sector – Daily News EgyptSenegal: Suspicions Cloud Senegal’s Upcoming ElectionAfrica: In West Africa, UN Security Council Visits Côte d’Ivoire and Guinea-BissauEntrevista con el Coordinador de la Ventanilla Única EmpresarialBurkina Faso: President Chooses New Prime MinisterCote d’Ivoire: ICC Appeals Chamber Places Conditions on Gbagbo’s ReleaseOhanaeze, MASSOB, IPOB, Reaffirm Support for Atiku, ObiOhanaeze, MASSOB, IPOB, Reaffirm Support for Atiku, ObiOhanaeze, MASSOB, IPOB, Reaffirm Support for Atiku, Obi Leave a Response Cancel reply CommentName Email Notify me of follow-up comments by email. Notify me of new posts by email.