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...
Category : Business
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...
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...