Category Archives: Economy

Alliance Insurance launches Ha Makhakhe shopping centre

Alliance Insurance launches Ha Makhakhe shopping centre

MOKHOTLONG – In a bid to expand business opportunities for Basotho people, Alliance Insurance Company has officially opened Ha-Makhakhe Shopping Center. Speaking at Alliance Chief Financial Officer Mr. Mohapinyane Taole said the idea to build a shopping complex was among their development plans aimed at promoting economic empowerment strategies for Basotho and they approached other potential investors and the idea ...

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Vodacom Lesotho adds green operations to green network

Vodacom Lesotho adds green operations to green network

The 17 Sustainable Development Goals, adopted by 193 world leaders in 2016, are a shared vision for humanity. If achieved, it would mean an end to extreme poverty, inequality and the worst threats of climate change by 2030. To help support Goal 13 of the 17 Sustainable Development Goals, which is to take urgent action to combat climate change and ...

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Minister, investors examine living conditions of workers

Minister, investors examine living conditions of workers

A Member of Parliament (MP) for Thetsane Constituency, Dr. Moeketsi Majoro toured part of the constituency with Chinese Investors on Wednesday morning. Speaking in an interview, Dr. Majoro said the tour, which commenced at 8:00 a. m was intended to show employers of factory workers the environment in which their employees live in. He said the initiative was triggered by ...

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Towards job summit … Govt readying for investment and job summit

Towards job summit … Govt readying for investment and job summit

The Investment and Jobs Summit is one of the key initiatives that the Ministry of Development Planning intends to convene immediately after the National Strategic Development Plan (NSDP) II has been drawn. The Minister of Development Planning Mr. Tlohelang Aumane said the summit that is aimed towards discussing issues related to how the government plans to create jobs is anticipated ...

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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 to the fields are advised to consult with the ministry’s officers to obtains seeds which he said can be planted ...

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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, Mrs. Ts’ireletso Mojela, Mrs. Libako Leisanyane, Mr. Bohlale Phakoe, Mr. Chabeli Ramolise and Mr. Lefu Mokaoane. Speaking at the event, ...

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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, over the first three years of operation, under Phase 1, which was expected to cost US$12 million (M164.6 million) to ...

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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 he said during a press briefing held at Maseru on Friday. He pointed out that out of the M50 million ...

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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 Diamonds. The company announced on Monday that private Singaporean company Equigold Pte would lend the funds which must be repaid ...

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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 other country. For another, it has long depended heavily on the production of cannabis; a report published by UNESCO at ...

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