AGP Executive Report

Last update: 7 hours ago

Monetary Policy: Lesotho’s Central Bank raised the Central Bank Rate by 25 basis points to 6.75% to protect price stability as Middle East tensions push up fuel and transport costs, with the IMF also cutting 2026 growth forecasts and lifting inflation expectations. Agriculture & Jobs: On International Day of Potato, the Agriculture Minister said potato sector development is aligned to national plans, including commercialisation, private sector participation, climate-smart production, mechanisation and value-chain strengthening. Trade & Exports: Government welcomed China’s decision to lift temporary wool import restrictions, saying it should ease delays at South African ports and help release held consignments worth over M100 million, with payments to farmers already starting. Mining & Employment: Storm Mountain Diamonds (Kao Mine) will cease operations by 30 June 2026, citing weak diamond prices and lab-grown competition, leaving over 800 workers facing unemployment. Public Finance Oversight: The Auditor General flagged major financial management weaknesses, including M3 billion cash receipt/payment misalignment and missing records on assets and loan guarantees. Waste & Health: The Ombudsman warned that 80% of Lesotho’s waste is unmanaged, with illegal dumping and open burning creating serious public health risks, especially around healthcare waste. Skills & Youth: Quthing’s ICT hub is certifying 25 youth after a five-day exam for a free computer skills programme, aimed at narrowing the district’s digital gap. Informal Economy Pressure: Street vendors say sudden tax demands could force closures, as many earn less than M50 a day and already struggle with daily fees. Governance & Compliance: Lesotho’s waste and market research efforts continue, while South Africa’s SARS and IEC updates show how regional systems are tightening around declarations and election integrity.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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May 19, 2026

Sentebale names two new trustees as it starts 2030 strategy

EIN Presswire


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PANYAZA LESUFI | Illegal immigration strains Gauteng’s services and economy

PANYAZA LESUFI | Illegal immigration strains Gauteng’s services and economy


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May 26, 2026

Home Affairs conducts nationwide public consultations on the Zimbabwean and Lesotho Exemption Permits

South African Government

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May 22, 2026

President Cyril Ramaphosa: Botswana-South Africa Business Forum

South African Government

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Apr. 21, 2026

President Cyril Ramaphosa officiates co-launch of South Africa and Lesotho Senqu Bridge, 22 Apr

South African Government

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Jan. 30, 2026

Tortilla Market Size to Worth USD 80.03 Billion by 2035, Driven by Growing Demand for Convenient and Flavorful Meal Solutions

GlobeNewswire, Inc.

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May 19, 2026

Sentebale appoints new Trustees and begins work on 2027 to 2030 strategy in its 20th anniversary year

EIN Presswire

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Dec. 12, 2025

Border Management Authority on law enforcement operations and festive oversight visits to Ficksburg, Maseru and Lebombo

South African Government

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