AGP Executive Report
Last update: 4 hours agoLesotho–World Bank Deal: Lesotho signed three financing agreements worth over M841 million to expand clean energy access, accelerate skills development, and improve nutrition outcomes. Traditional Knowledge Protection: Lesotho is holding ABS Week to build an effective Access and Benefit Sharing mechanism under the Nagoya Protocol, linking Basotho biodiversity knowledge to fair benefit sharing. Digital Jobs Push: The US Embassy and American Corner launched an AI Skills Development Programme under Sebabatso to train youth enterprises in e-commerce and AI tools. Fuel Price Clarity: Officials moved to clear confusion on the Petroleum Fund’s role, stressing it does not supply petrol directly but oversees pricing structures and monitors the supply chain. Finance Accountability: The Auditor-General flagged weak delivery under Lesotho’s CAFI project, with spending capacity at just 41% of revised budget. Investment Call: LNDC invited local and regional investors to back Lesotho’s poultry sector, citing a US$40m annual import bill. Cross-border Cooperation: Botswana and Lesotho reaffirmed plans via the Bi-National Commission, prioritising water, energy, trade and investment. Connectivity Boost: Starlink says it is now active in Lesotho, with receivers shown on police vehicles after a 10-year licence granted in 2025. South Africa Migration Pressure (Regional Impact): Reports from Durban’s Sherwood describe a growing migrant holding crisis tied to anti-foreigner pressure, with knock-on effects for regional labour and business stability.
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