Business

Bereng Mpaki MOTHAE diamond mine has temporarily suspended operations to pave way for the reviewing of Lucapa Diamond Company’s diamond marketing proposal. If effected, the proposal will give Lucapa, an Australian company, exclusive…

Bereng Mpaki THE Central Bank of Lesotho (CBL) must hire more staff in its supervisory division to implement the necessary changes to guard against financial and operational risks in the banking sector. This is contained in a report…

Bereng Mpaki THE Central Bank of Lesotho (CBL) has projected a 5.7 percent contraction of the economy this year due to the Coronavirus (Covid-19) pandemic. CBL governor, Retšelisitsoe Matlanyane, on Tuesday attributed the expected…

Bereng Mpaki THE new M22, 6 million reconstruction project of the Maseru Tourist Information and Crafts Centre (MTICC) is nearing completion, the Ministry of Tourism, Environment and Culture has said. The construction works commenced…

Bereng Mpaki African Clean Energy (ACE) company should be commended for paying its employees during the Covid-19 lockdown period without any production, co-founder of the company, Alice Troostwijk has said. Ms Troostwijk said this in…

Bereng Mpaki LESOTHO Hotels and Hospitality Association (LHHA) says many of its players need an extension of debt relief measures to deal with the economic effects of the Covid-19 pandemic. In April this year, former Prime Minister…

Staff Reporter THE botched lease of the government-owned Victoria Hotel, that only came to light 20 years after the initial lease was granted, is probably just a tip of the proverbial iceberg with regards to the shocking dereliction of…

Bereng Mpaki THE Ministry of Mining is planning to give all diamond dealers an amnesty to hand in their inventory to the government before it starts issuing licences for small scale miners. Commissioner of Mines Pheello Tjatja told…

Bereng Mpaki THE government must by 5 August 2020 pay former principal secretaries whose gratuities it had withheld to settle their government guaranteed personal loans which they had not finished servicing by the time they left in 2017.…

Ntsebeng Motsoeli THE Directorate on Corruption and Economic Offences will not hesitate to conduct lifestyle audits on any minister or government official who is seen to live beyond their paygrade, director general Advocate Mahlomola…