WORKERS’ SAFETY IMPORTANT – MOKHOSI
The Minister of Labour and Employment, Mr. Tšeliso Mokhosi says that safety and good health of workers is important at every workplace. He said when passing the message for the World Day for Safety and Health at Work which is annually commemorated on April 28. This year`s theme is, ‘Significance and Impact of Climate Change […]
LESOTHO HOSTS FIRST MINING INDABA
RSL ACHIEVES 12.5 PERCENT GROWTH IN REVENUE The Revenue Services Lesotho (RSL) has achieved a remarkable 12.5% growth in revenue collection for the 2023/24 financial year. This growth comes despite missing their target by 9.3% and the challenging economic environment. This was said by Commissioner General (RSL) Mrs ‘Mathabo Mokoko in a media briefing held in Maseru […]
CBL ISSUES UPDATES ON MONETARY POLICY
The Monetary Policy Committee (MPC) of the Central Bank of Lesotho (CBL) held its 106th meeting to deliberate on the latest global, regional and domestic economic developments as well as the developments in the financial markets in Maseru. According to the CBL Governor, Dr Emmanuel Maluke Letete, the committee noted that the global economic projections […]
LESOTHO HOSTS FIRST ACCOUNTANTS GENERAL SUMMIT
Lesotho, through the Ministry of Finance and Development Planning is hosting the first African Association of Accountants General (AAAG) summit in Maseru from Monday. The summit is held under the theme ‘promoting a prosperous Africa through integrated financial management process systems and governance’. In her keynote address, the Minister of Finance and Development Planning Dr […]
FOOD, ENERGY PRICES CONTRIBUTE TO HIGH INFLATION – CBL GOVERNOR
The Governor of the Central Bank of Lesotho says food and energy prices coupled with weak exchange rate were the main contributors to the rise in inflation. Dr Maluke Letete said this when giving a report of the 104th Monetary Policy Committee (MPC) held on Tuesday. He said domestic inflation increased to 6.5 percent in […]
GLOBAL ECONOMY RECOVERS-CBL GOVERNOR
The global economic activity continued to recover gradually from the effects of the COVID-19 pandemic and Russia’s invasion of Ukraine. The Governor of the Central Bank of Lesotho, Dr Emmanuel Maluke Letete said this during the press briefing of the Monetary Policy Committee (MPC) held at the CBL premises in Maseru. Dr Letete announced that […]
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 […]
