Category Archives: Economy

It takes three to stimulate youth entrepreneurship

It takes three to stimulate youth entrepreneurship

… BEDCO, SLB, LRA sensitise youth on Bacha Entrepreneurship Project LERIBE – With the purpose of overcoming high unemployment rate in the country, Standard Lesotho Bank (SLB) in association with Lesotho Revenue Authority (LRA) and Basotho Enterprise Development Corporation (BEDCO) sensitised youth between the ages of 21 and 25 on phase two of Bacha Entrepreneurship Project. Phase one of Bacha ...

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Borrowers to know if they are overcharged next month

Borrowers to know if they are overcharged next month

… after asking the court to interpret good interest percentage for loans MASERU – The High Court’s Commercial division has postponed to September 11, 2018 the hearing of a case in which several Basotho nationals are complaining about unfair and unlawful rates which they say Letshego Financial Services is charging them. The postponement of the case was confirmed by the ...

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SADC Summit to focus on implementation of industrialization strategy

SADC Summit to focus on implementation of industrialization strategy

Prime Minister Thomas Thabane has left Lesotho for the Southern African Development Community (SADC) where, apart from the main agenda, he will update the summit on Lesotho’s progress on reforms that include constitutional, security and judiciary among others, the process of which he launched in May. The 38th Summit of Heads of State and Government of the Southern African Development ...

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SADC to continue advancing regional integration

SADC to continue advancing regional integration

LINDIWE SISULU At the SADC Council of Ministers Meeting this week, South Africa handed over the role of chair of the SADC Council of Ministers to Namibia. This meeting precedes the 38th Ordinary SADC Summit of Heads of State and Government, which will be hosted by Namibia from 17 to 18 August 2018 under the theme: “Promoting Infrastructure Development and ...

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Neuro coffee says will make you smarter after just one cup

Neuro coffee says will make you smarter after just one cup

Coffee keeps you awake thanks to caffeine, but can it help your brain in other ways? One brand says its coffee will. Neuro Coffee, which was developed by Dr. Michael Roussell, Ph.D. (a nutrition advisor, columnist for Men’s Health and Shape Magazine, and the author of four books on health and wellness), claims that one cup will boost proteins in ...

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Price of water, electricity increased

Price of water, electricity increased

MASERU – Water and electricity tariffs are set to increase by 5.19 percent and 4 percent respectively following approval by the Lesotho Electricity and Water Authority (LEWA) board on Thursday this week. When announcing the approved increment, the chairperson of the board Mr Relebohile Mosito said the  volumetric water tariff will be increased with effect from August 1 this year. ...

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Companies prepare for corporate challenge

Companies prepare for corporate challenge

MASERU (TMGLIVE) – The annual team building event of 2018 organized for companies – Corporate Challenge – is this year set to take place at Maseru Mall on August 17. “The state is set for Corporate Challenge 2018… and it’s taking Lesotho ka (by) storm! We strictly limit entries to a maximum of 500 participants. The rationale behind this decision ...

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More Basotho need assistance …As highlighted by Lesotho Vulnerability Assessment Analysis (VAA) and IPC Analysis Results 2018

More Basotho need assistance …As highlighted by Lesotho Vulnerability Assessment Analysis (VAA) and IPC Analysis Results 2018

. The number of people in need of assistance increased compared to last year and it is projected to be around 18% of the rural population and 9.2% of the urban population during the next lean season (Sept 2018 – Feb 2019). . The total cereal forecast foresees a drastic reduction (-65%) compared to last year’s production, mainly due to ...

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Post Bank rolls out launch of outreach services

Post Bank rolls out launch of outreach services

QUTHING – The Managing Director of indigenous Post Bank, Mr Molefi Leqhaoe, has urged Basotho to effectively support the local bank as its profits are intended to improve the lives of the society. “The Post Bank is a local bank established by the government to meet banking needs of Basotho from individuals, street vendors, small businesses, and co-operatives among others,” ...

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Factory workers get an increase

Factory workers get an increase

Maseru – While Lesotho Trade Unions were demanding a minimum wage of M2000 for factory workers for this financial year, the Government has instead offered a six percent increase. This was said by Mr Samuel Mokhele, a member of the National Clothing, Textile and Allied Workers (NACTWU) on Tuesday. He said other private sector workers such as those who work ...

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