Govt targets 70 000 textile jobs by 2033
…as new strategy seeks to revive industry …cut US dependence and process wool and mohair locally Ithabeleng Qhasho THE government is targeting the creation of...
Category : Business
Lesotho’s economic growth holds up
…despite mounting geopolitical tensions Moroke Sekoboto ECONOMIC growth in Sub-Saharan Africa, including Lesotho, has held up in 2026 despite heightened geopolitical tensions and a range...
MMB unveils refreshed identity
Seithati Motšoeneng MALUTI Mountain Brewery (MMB) has unveiled a refreshed brand identity as Lesotho marks its 60th anniversary of independence, positioning the change as a...
Momentum hits R7bn earnings target a year early
Momentum Group has surpassed its R7 billion normalised headline earnings target a year ahead of schedule after reporting a 13 percent increase in earnings for...
Oil-price shocks may be becoming a ‘new normal’ for economies
JOHANNESBURG — Economists are sharply divided over where oil prices are heading, but there are signs that businesses, consumers and economies are beginning to adapt...
Financial illiteracy exposes Basotho to scams
Mohloai Mpesi LACK of financial education is a major factor behind the growing number of Basotho falling victim to scams, as pyramid schemes continue to...
Lesotho’s financial stability under pressure
…despite recent resilience amid elevated external risks Moroke Sekoboto LESOTHO’s economy is under growing strain as a series of external shocks filter through to the domestic...
Vodacom Lesotho marks three decades
…of pioneering mobile communications Moroke Sekoboto Vodacom Lesotho yesterday commemorated 30 years since commencing operations, at a time when mobile communication was virtually unknown in the country. As the...
M226 million World Bank support to boost service delivery
…as govt rolls out Public Sector Foundation for Service Delivery Project Moroke Sekoboto THE government has secured approximately M226 million (US$12 million) from the World Bank to implement the...
CBL seeks to unlock growth for women-led MSMEs
…As the bank hosts AFI regional learning programme Moroke Sekoboto THE Central Bank of Lesotho (CBL) has partnered with the Alliance for Financial Inclusion (AFI) through...
Vodacom Group visits Lesotho
…reaffirms commitment during high-level executive visit VODACOM Group has reaffirmed Lesotho’s strategic importance within its African operations following a high-level working visit by its Chief...
Vodacom transforms start-ups with digital business skills
…celebrates tech entrepreneurship programme’s first cohort Moroke Sekoboto VODACOM Lesotho has reaffirmed its commitment to nurturing local tech start-ups and helping them grow into sustainable,...
Accountant General Mahase bows out
Mohloai Mpesi IT was all smiles and emotional tributes as accountants gathered at the Avani Maseru last Saturday to bid farewell to the outgoing Accountant...
Letshego kicks off annual loan campaign
Bokang Mofoka MICRO lender, Letshego Financial Services, has launched its Let’s Go and Win campaign, reducing its interest rate by 1% following the Central...
CBL maintains repo rate at 6.75 percent
Moroke Sekoboto THE Central Bank of Lesotho (CBL)’s Monetary Policy Committee (MPC) has provided relief to consumers by maintaining the repo rate at 6.75...
RSL and FAFF sign MoU to strengthen compliance and drive economic growth
Ithabeleng Qhasho THE Lesotho Revenue Services (RSL), in partnership with the Federation of Agents of Foreign Firms (FAFF), has signed a Memorandum of Understanding...
CBL wraps up Money Month
Bokang Mofoka THE Central Bank of Lesotho (CBL) has wrapped up its month-long Money Month campaign, calling for stronger financial education to help Basotho respond...
Vodacom clarifies M-Pesa policy
…warns there is no reversal once transaction is settled THE VCL Financial Services (VCL FS), a subsidiary of Vodacom Lesotho, has strongly advised customers...
SLB team clinches 2024/25 Corporate Golf League title
Leemisa Thuseho STANDARD Lesotho Bank (SLB) has emerged as the overall champion of the 2024/25 Maseru Golf Club Corporate League. The SLB team was...
Econet drives digital transformation
. . . launches game-changing Wi-Fi Plus . . . solution integrates fixed broadband and mobile networks Moroke Sekoboto TELECOMMUNICATIONS powerhouse Econet Telecom Lesotho (ETL)...
CBL lowers repo rate to 7 percent
Moroke Sekoboto THE Central Bank of Lesotho (CBL)’s Monetary Policy Committee (MPC) has once again provided relief to consumers by reducing the repo rate by...
Vodacom soars in its 2025 Financial Year (FY) 2025,
…eyes even bigger wins by 2030 Moroke Sekoboto THE Vodacom Group, parent company of Vodacom Lesotho, has delivered a strong performance for the financial...
Banking sector in push for financial inclusion
…and innovative payment system Moroke Sekoboto THE Central Bank of Lesotho (CBL), in collaboration with the banking sector, has reaffirmed its commitment to driving innovation...
RSL, SARS move to enhance trade cooperation
Moroke Sekoboto REVENUE Services Lesotho (RSL) and the South African Revenue Service (SARS) have launched a joint End-to-End Time Release Study (TRS) to streamline...
Vodacom champions business integrity at ethics and compliance forum
Hopolang Mokhopi TELECOMMUNICATIONS giant, Vodacom Lesotho, has hosted a high-level forum uniting public and private sector leaders to tackle pressing issues around ethical business...
LNDC bids to revive textile industry
Moroke Sekoboto THE Lesotho National Development Corporation (LNDC), with support from the Competitiveness and Financial Inclusion (CAFI) project, is in the process of promoting...
Alliance allays fears for its policies
…after social media misinformation Leemisa Thuseho INSURANCE Powerhouse, Alliance Insurance, has reassured its clients of its unwavering commitment to fulfilling its mandate of providing compensation to...
World Bank urges private sector led growth
–As unemployment and poverty continues to plague Lesotho Mohloai Mpesi FOSTERING a private sector-driven economy is essential for rejuvenating Lesotho’s ailing economy, the World...
Lesana lists on Maseru Securities Market
Moroke Sekoboto Lesana Financial Services’ Medium-Term Note has been listed on the Maseru Securities Market (MSM). The landmark event was held yesterday at the Central...
RSL collects M9.74b in tax revenue
…surpassing target by 3% Moroke Sekoboto THE Revenue Services Lesotho (RSL) has remitted M9.74 billion to the government in tax collections for the 2024/35...