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 […]
CBL LAUNCHES NEW MALOTI BANK NOTES
The Central Bank of Lesotho (CBL) has launched new maloti banknotes to safeguard the value of the currency and build the confidence of its users, the new banknotes will become legal tender on December 23, 2021, the event was held in Maseru. The Second Deputy Governor at CBL, Ms. Mathabo Makenete said it is with […]
DELIVERY UNIT HOSTS SEMINAR ON REVITALISATION OF LESOTHO MANUFACTURING EXPORT SECTOR
The Minister of Trade and Industry, Dr Mahala Molapo says Lesotho textile and apparel must shift the focus to a more suitable and longer-term approach that will help the country to merge. He said this when officially opening the Seminar on Revitalisation of Lesotho’s Manufacturing Export Sector. He mentioned that there was a strong consciousness […]
WATER, TEXTILE INDUSTRY, SACU MAIN SOURCE OF LESOTHO’S REVENUE-REPORT
Lesotho’s economy has solely been dependent on the Lesotho Highlands Water Project (LHWP) revenues, textile factories and Sothern African Customs Union (SACU) revenue for the past ten years. The present decline in textile factories has become evident as the country does not meet the expectations of the buyers regarding the product they produce. As a […]
MINE, LHWP ARE ECONOMY DRIVERS-FINANCE MINISTER
According to the Mid-Term Budget Review, diamond production and Lesotho Highlands Water Project (LHWP) phase II remain key drivers of the economic growth in the country. This, the Minister of Finance, Mr. Thabo Sophonea said when tabling the Mid-Term Budget before the Parliament in Maseru on Wednesday. Mr. Sophonea said in 2021-2023, growth in diamond […]
MSCM ON POLICY FORMULATION DISCUSSION
The Ministry of Small Business Development, Co-operatives and Marketing held a round table meeting to discuss policy formulation processes and access to finance at the event held at the Ministry’s Boardroom in Maseru on Monday. When opening the discussion, the Minister of Small Business Development, Cooperative and Marketing, Chief Thesele Maseribane said the aim of […]
