AGP Executive Report
Last update: 8 hours agoWorld Bank Financing: Lesotho and the World Bank signed three deals worth over M841m to expand clean energy access, speed up skills development, and improve nutrition outcomes. Industrial Policy & Jobs: The LNDC launched “Letsema” (2026-2031), aiming for 50,000 net new jobs and 100 homegrown industrialists, while targeting Lesotho’s import-heavy, low-value manufacturing model. Public Finance Scrutiny: The Auditor-General flags weak delivery under the CAFI project, with only 41% of revised budget spent by March 2024, despite its goal to boost private-sector competitiveness and financial inclusion. Cost of Living & Transport: The Petroleum Fund clarified it does not supply petrol, but monitors pricing and the supply chain as fuel costs push up fares and essentials. Maseru Mobility Shock: MRTO’s planned 79% taxi fare hike threatens commuter affordability, with disabled advocates warning of a “triple blow.” Border & Trade Rules: SARS ends the SACU vehicle exemption, requiring Lesotho-registered cars to file temporary import declarations when entering South Africa. Regional Cooperation: Botswana and Lesotho vowed to deepen cooperation via a binational commission, prioritising water, energy, trade, investment, and agriculture. Business Skills for Youth: Lesotho launched an AI Skills Development Programme to train youth enterprises in e-commerce and AI tools.
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.
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