AGP Executive Report
Last update: 10 hours agoCabinet Shake-up: Prime Minister Ntsokoane Matekane dismissed two ministers and reshuffled portfolios in a major, largely unexplained overhaul, leaving observers asking what comes next for government delivery. Industrial Rescue Plan: The LNDC launched “Letsema” (2026–2031), aiming to create 50,000 net new jobs and grow 100 Basotho industrialists while tackling Lesotho’s import-heavy, low-value manufacturing model. Public Finance Reality Check: The Auditor-General flagged CAFI’s weak execution, with only 41% of revised budget spent by March 2024, despite the project’s goal of boosting private-sector competitiveness and financial inclusion. Cost of Living Pressure: The Petroleum Fund moved to clarify it does not supply petrol, but oversees pricing structures and monitors the supply chain—amid rising fuel costs that are pushing up transport fares and basic goods. Transport Crisis: A proposed 79% taxi fare hike is set to spark commuter backlash, with disabled Basotho warning the increase will deepen exclusion. Health & Jobs: Lesotho launched an M2.3bn investment case to cut maternal deaths, child marriage and HIV-related risks, while an AI skills programme with the US Embassy targets youth digital entrepreneurship and e-commerce. Cross-border Trade: Botswana and Lesotho renewed focus on intra-African trade at a business forum in Gaborone, highlighting investment, jobs and skills transfer. Business & Markets: Metropolitan Lesotho rolled out Boiketlo Life Cover to widen access and address misconceptions, including for people living with chronic illness.
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.