King Mswati III turns 40 years on the throne this week and the sovereign wealth fund meant to benefit the Swazi people runs as his personal family office
Billionaires Africa | 25.04.2026 20:29
King Mswati III of Eswatini this week marks 40 years as Africa's last absolute monarch, and the celebrations at Lozitha Palace are arriving on schedule: dignitaries, gifts and a state machinery working hard to frame the occasion as something worth commemorating. What is harder to package for the occasion is the story of Tibiyo Taka Ngwane, the sovereign wealth fund that sits at the heart of how royal power translates into economic control in a country where more than 60% of the population lives below the poverty line.
