CBL URGES FOR MONEY MANAGEMENT
The Central Bank of Lesotho (CBL) has urged the public, particularly young people to consider and adopt prudent financial practices such as budgeting and saving money for future use. This was discussed during the Money Month Campaign Report where CBL shed light on the successes of the campaign under the theme; ‘Plan Your Money, Plant […]
LESOTHO ASSUMES SACU CHAIRMANSHIP
Lesotho assumed the chairmanship of the Southern African Customs Union (SACU) on July 15, 2023, the position she took over from Eswatini. This was revealed at Thursday’s Press coverage held at the State House in Maseru. Speaking at the event, the Minister of Finance and Development Planning, Dr Retšelisitsoe Matlanyane said this is a gratifying […]
CBL INCREASES PRIME RATE
The Central Bank of Lesotho (CBL) increased the prime lending rate in May by 25 basis points from 7.50 percent to 7.75 percent per annum. This, CBL Governor, Dr Maluke Letete said was decided during the Monetary Policy Committee (MPC) 101st meeting which he said considered global, regional, and domestic economic developments as well as […]
NSDP II PURSUES PRIVATE SECTOR AND EXPORT-LED ECONOMY-PS TRADE
The Principal Secretary of the Ministry of Trade, Industry, Business Development, and Tourism, Mr. Thabo Moleko says the government through the National Strategic Development Plan (NSDP) II pursues a private sector and export-led economy as well as to instigate product and market diversification. He said this at the GIZ stakeholder information-sharing workshop in preparation for […]
CBL INTRODUCES NEW SA DENOMINATIONS
The Central Bank of Lesotho on Thursday introduced new upgraded South African Bank Notes and Coins at the event held in Maseru. Speaking at the event, the Governor of CBL, Dr Emmanuel Maluke Letete said the new banknotes are expected to start circulating in the country from June, saying it will be available in most […]
PROGRESS MADE ON BLEACHED SA CURRENCY-DR MATLANYANE
The Minister of Finance and Development Planning, Dr Retšelisitsoe Matlanyane says progress has been made on cleansing up the bleached South African currency in the country. Briefing members of the National Assembly in the speech she made on Wednesday, the Minister said the Central Bank of Lesotho (CBL) has met with its South African Reserve […]
CBL HOLDS HOUSEHOLD INDEBTEDNESS DIALOGUE
Increasing financial inclusion and expanding access to credit remains a key priority in the effort of the government to achieve broad base inclusive economic growth. This, the acting Principal Secretary in the Ministry of Development Planning, Mrs. Teboho Malisebo Mokela said when officially opening the roundtable dialogue on household indebtedness, on behalf of the Minister […]
GLOBAL ECONOMIC GROWTH WEAKENING-GOVERNOR CBL
The Central Bank of Lesotho Governor, Dr Emmanuel Letete says economic activity continues to slow down for most economies, He disclosed this at the press conference after the Monetary Policy Committee (MPC) of the Central Bank of Lesotho held its 99th meeting. He said the inflation pressures in most economies remain high despite the slowdown […]
WORLDBANK RAISES CONCERN OVER IMPLEMENTATION
The World Bank has raised concern over the implementation of the projects in the country and would like to find ways to help Lesotho implement its program. In an interview with the Minister of Trade, Industries, Business Development, and Tourism, Mr. Mokhethi Shelile said the World Bank is worried about Lesotho‘s implementation programs. He said […]
FINANCE MINISTER LAUNCHES FILLING SEASON
The Minister of Finance, Mr. Thabo Sophonea says the budget speech shows that the economic growth for 2022/23 is projected to remain floating at 2.3 percent before expanding to 2.5 percent in 2023/24 and averaging 2.8 percent over the medium term. Mr. Sophonea said this when officially launching the Filling Season 2021/2022 at event held […]
