Lesotho Times | News without Fear or Favour

COVIDGATE!!!

Lesotho Times Aug 11, 2020 0

wasteful NECC gobbles M161 million in just four months with a whooping M10 million spent on food for officials Pascalinah Kabi THE National Emergency Command Centre (NECC) had already gobbled M161 million out of the M698 million budget set aside by the government to fight the deadly Coronavirus (Covid-19) by the time it was disbanded…

SA-based Basotho to wait longer for Covid-19 relief

Lesotho Times Aug 11, 2020 0

Thabane and the ABC had massively lost support when he was…

Lesotho Times Aug 11, 2020 0

Letšeng Mine records 80 suspected Covid-19 cases

Lesotho Times Aug 11, 2020 0

Bereng Mpaki LETŠENG Diamonds chief executive officer Kelebone Leisanyane says the mine is not planning to suspend operations despite recording 80 suspected cases of Covid-19 among its employees. Mr Leisanyane this week told the…

Locally-owned chain store opens

Lesotho Times Aug 11, 2020 0

Bereng Mpaki ENRICH Stores, a locally-owned chain store opened its first branch at Ha Mafafa in Maseru last Friday. The chain store is a subsidiary of Enrich Holdings, a holding company owned by over 1 200 Basotho shareholders who…

‘IMF loan to enable more Covid-19 borrowing’

Lesotho Times Aug 11, 2020 0

Bereng Mpaki FINANCE Minister Thabo Sophonea says the M800 million loan approved last week by the International Monetary Fund (IMF) will allow the government to seek more external financial assistance to respond to the Covid-19 pandemic…

Lucapa wants exclusive marketing rights for Mothae diamonds

Lesotho Times Aug 4, 2020 0

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…

Strengthen supervisory division-CBL told

Lesotho Times Aug 4, 2020 0

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…

Manufacturing, mining, lead economic downturn

Lesotho Times Aug 4, 2020 0

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…

Tourist information centre rises from the ashes

Lesotho Times Jul 29, 2020 0

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…

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