Home / Economy

Category Archives: Economy

Feed Subscription

Minister announces subsidy for frost hit farmers

Minister announces subsidy for frost hit farmers

The Minister of Agriculture, Mr. Mahala Molapo told Parliament on Tuesday that his ministry intends to subsidise seeds for farmers who have been hit by frost in the past week. Molapo said those farmers who are planning to go back ...

Read More »

Troubled tax authority gets new board

Troubled tax authority gets new board

The Minister of Finance, Dr. Moeketsi Majoro inaugurated the new Lesotho Revenue Authority (LRA) Board of Directors in Maseru on Thursday. The new LRA Board has seven members and include Mr. Robert Likhang who is the Chairperson, Mrs. Lindiwe Sphumulo, ...

Read More »

Lucapa boosts Lesotho diamond project’s economics

Lucapa boosts Lesotho diamond project’s economics

A new development plan for the Mothae kimberlite diamond mine has significantly improved project economics, ASX-listed Lucapa Diamonds reported today. Lucapa’s initial plans for the Mothae project would have seen the company process some two-million tonnes of mainly weathered, near-surface kimberlite material at a rate of 720 000 tonnes/year, ...

Read More »

SMMEs set for government funding from M10 million fund

SMMEs set for government funding from M10 million fund

The Minister of Small Businesses Development, Cooperatives and Marketing Mr. Chalane Phori says the Ministry has been awarded M10 million of the Partial Credit Guarantee Scheme Fund (PCGF) which will be accessible for Basotho through the Lesotho Post Bank. This ...

Read More »

Lucapa raises M207 million for Mothae mine

Lucapa raises M207 million for Mothae mine

PRIVATE equity has agreed to provide US$15 million (M207 million) to Lucapa Diamonds for the first phase production of Mothae, a diamond project in Lesotho the Australian-listed firm hopes will yield diamonds similar in size to Letšeng, owned by Gem ...

Read More »

What legal Canadian weed might mean to Lesotho

What legal Canadian weed might mean to Lesotho

By multiple measures, the Kingdom of Lesotho is one of the highest countries in the world. For one, the mountainous African nation never drops below 1,400 metres, meaning its lowermost point is at a higher elevation than that of any ...

Read More »

‘Lesotho’s vulnerability to drought will continue’

‘Lesotho’s vulnerability to drought will continue’

Lesotho will continue to experience devastating droughts and food crises unless there is a dramatic increase in investment in community-level resilience and preparedness said Mr Tadateru Konoé, President of the International Federation of Red Cross and Red Crescent Societies (IFRC). ...

Read More »

Pensioners smile all the way to the bank

Pensioners smile all the way to the bank

The hundred and twenty Maluti increment for pensioners has made a huge difference in the lives of the old age. This was seen through jubilations and ululations after pensioners received their government sponsored monthly payments. Speaking in an interview with ...

Read More »
Scroll To Top