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...
Category : Business
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...
M-Pesa expands to other networks
Seithati Motšoeneng VODACOM Lesotho has unveiled a groundbreaking expansion of its M-Pesa mobile money service, making it accessible to all mobile users in the...
Stadium Food Court expands footprint with new drive-thru in Katlehong
Seithati Motsoeneng FOOD outlet, Stadium Food Court, has officially opened its latest store, featuring a drive-thru, marking another milestone in the company’s mission to...
Vodacom unveils SME Connect
Moroke Sekoboto TELECOMUNICATIONS giant, Vodacom Lesotho, has launched SME Connect, a new digital solution designed to empower small and medium-sized enterprises (SMEs) in the...
Vodacom donates computer lab to New Millennium
Seithati Motšoeneng IN a major boost for digital learning, Vodacom Lesotho has handed over a fully equipped computer lab to New Millennium High School...
SOEs fail to declare dividends to govt
Mathatisi Sebusi AN alarming 60 percent of state-owned enterprises (SOEs) and companies in which the State owns shareholding have failed to pay dividends to the government as expected. In fact,...
Parly committee calls for dialogue with MMB
—As brewery opposes latest alcohol levy hike Mathatisi Sebusi THE Ministry of Finance and Development Planning and the Maluti Mountain Brewery (MMB) must dialogue over the...
Public Works budget in limbo
….as committee demands evidence of withdrawal of court case Mohloai Mpesi THE Portfolio Committee on Natural Resources has directed the Ministry of Public Works...
Mukuru maintains seamless Cross-Border Payments amidst regulatory changes
Africa’s leading financial service provider, Mukuru, has stepped up to provide a solution for customers in South Africa, Lesotho, and Eswatini by leveraging its...
Vitality Health bridging pre-hospital emergency services gap
Mathatisi Sebusi BRIDGING medical emergency services gap in Lesotho and saving lives, which could otherwise be needlessly lost, is Vitality Health Lesotho’s primary mission. ...
Nedbank produces a strong financial performance
Leemisa Thuseho THE Nedbank Group has delivered a strong performance in first half of the year which saw its headline earnings increasing by 8% to M7.9...
Regulations for cross-border transactions tightened
Hopolang Mokhopi Effective September 14 2024, cross-border transactions will require more detailed information, including the origin of the transaction, the sender’s occupation, both the sender and...
Alliance Insurance launches ”Ska Wara Hae Turu” affordability campaign
Moroke Sekoboto Alliance Insurance has embarked on an ambitious affordability campaign aimed at promoting financial inclusion and literacy among Basotho. Dubbed Ska wara, hae turu (loosely translated, Don’t...
RSL partners with association of foreign firms
Moroke Sekoboto THE Revenue Services Lesotho (RSL) has partnered with the Agents of Foreign Firms Association of Lesotho (AFFAL) to try and enhance compliance by...
Nedbank Lesotho launches lucrative campaigns
Letsatsi Selikoe BANKING powerhouse, Nedbank Lesotho, has unveiled two “exciting” campaigns directed at its personal banking clients, schools as well as promoting domestic tourism. It has pledged M200 000...
CBL maintains repo rate
Hopolang Mokhopi CONSUMERS have been spared the wrath of economic inflation as the Central Bank of Lesotho’s Monetary Policy Committee (MPC) has kept the repo...
Vodacom Lesotho Foundation partners with LCE to establish central training hub
Letsatsi Selikoe THE Lesotho College of Education (LCE) and Vodacom Lesotho Foundation will sign a Memorandum of Understanding (MOU) today, marking a significant partnership aimed...
RSL sensitizes taxpayers on its digital systems
Leemisa Thuseho THE Revenue Services Lesotho (RSL) have completed its series of educational clinics aimed at improving clients’ tax compliance by enabling them to file their tax...
FNB-Lesotho launches card localization scheme
Hopolang Mokhopi FIRST National Bank (FNB)-Lesotho has officially launched its card localisation scheme aimed at enhancing financial inclusion and facilitating payments. The FNB-Lesotho card localisation...
SLB assists learners with career guidance
Staff Reporter Standard Lesotho Bank (SLB) is currently holding a week-long career guidance programme for High School students across five districts in the country. The...
Nedbank Group achieves profit targets
Mohalenyane Phakela THE Nedbank Group has once again achieved a stellar performance, attaining all its targets for the financial year ended 31 December 2023. According to the bank’s managing executive: Nedbank...
SLB launches lending drive
…to help clients achieve their dreams Moroke Sekoboto STANDARD Lesotho Bank (SLB) this week launched another cycle of its Lending Campaign aimed at making it easy...
Mukuru on the pulse of fast, efficient international money transfers
Tokelo Khausela MUKURU has enhanced their current product suite to enable customers to instantly transfer funds from Lesotho to any major bank account in South...
CBL’s repo rate unchanged
Moroke Sekoboto THE Central Bank of Lesotho (CBL) has kept the repo rate unchanged at 7.75 percent, cushioning hard pressed consumers from immediate interest rate...
Mukuru introduces instant money transfer
Moroke Sekoboto Mobile money platform, Mukuru, has enhanced its money transfer services as monies deposited via Mokuru Lesotho platforms can now reflect into South African accounts...
Abeco Tanks: Pioneering Water Security Solutions in Lesotho
Lesotho, known as the “Kingdom in the Sky” due to its mountainous terrain, faces a pressing crisis related to water security and aging infrastructure. This...
Minister urges new RSL boss to broaden tax net
Leemisa Thuseho/Moroke Sekoboto Finance and Development Planning Minister, Rets’elisitsoe Matlanyane, has urged newly appointed Revenue Services Lesotho (RSL) Commissioner-General, ‘Mathabo Mokoko, to broaden the tax...