Biogas Eswatini (Pty) Ltd, a local company, has secured a significant international contract worth E1.4 billion from the Coca-Cola group to supply citric acid.
This was revealed by the Managing Director (MD) of Nedbank Eswatini, Fikile Nkosi, when briefing His Majesty King Mswati III during the 2025 Eswatini International Trade Fair.
Biogas Eswatini is a specialist in potable water treatment, wastewater treatment, odour and dust control, industrial automation, telemetry, farm technology, boiler services, and oxygen generation systems.
Nkosi explained that Biogas Eswatini combines three core offerings: electricity generation, water purification, and citric acid production.
Speaking to His Majesty, Nkosi hailed Biogas as a homegrown success that already supplies electricity to households off the national power grid, helping to strengthen national energy security.
“We are very happy with our homegrown company Biogas, which has secured a massive international contract worth E1.4 billion with the Coca-Cola group to provide citric acid,” she said. “This is a major achievement. As the company also supplies electricity to homesteads not connected to the national grid, it addresses the persistent electricity shortage affecting the kingdom and our neighbours.”
Nkosi added that Nedbank Eswatini is focused on creating tailored financial solutions to help companies like Biogas grow and meet community needs.
The announcement by the MD came after Nedbank Eswatini hosted its first-ever Green Finance Seminar at the trade fair.
Nkosi outlined the bank’s broader sustainability strategy and track record.
“Sustainability is both a moral duty and a strategic path to long-term economic growth,” she said, noting Nedbank’s financing of projects across agriculture, renewable energy, and water management as evidence of its commitment.
A central feature of Nedbank’s presence at the trade fair was the Nedbank Green Zone, an exhibition space dedicated to climate-smart innovations and green entrepreneurship with an emphasis on supporting SMEs.
The initiative, according to Nkosi, aligns with the United Nations Sustainable Development Goals (SDGs), notably affordable and clean energy (SDG 7), industry, innovation and infrastructure (SDG 9), and climate action (SDG 13).