AGP Executive Report

Last update: 9 hours ago

Central Bank Rate Hike: Lesotho’s Central Bank raised the Central Bank Rate by 25 basis points to 6.75% after global geopolitical tensions pushed up fuel prices and threatened inflation and external reserves. Wool Trade Relief: Government welcomed China’s lifting of temporary wool import restrictions, saying it will unblock exports held up via South Africa and restart payments to Basotho farmers. Mining Jobs at Risk: Storm Mountain Diamonds (Kao Mine) will shut on 30 June 2026, citing collapsing diamond prices and lab-grown competition, leaving over 800 workers facing unemployment. Public Finance Scrutiny: The Auditor General flagged major weaknesses in government financial management, including a M3 billion mismatch in cash receipts and payments and gaps in asset and loan guarantee records. Waste Management Alarm: The Ombudsman says 80% of Lesotho’s waste is unmanaged, with illegal dumping and open burning creating health and environmental risks, especially around healthcare waste. Youth Skills & Jobs: At Quthing’s ICT hub, young people sat for exams after a free computer-skills programme aimed at bridging the digital gap and supporting online business. Agriculture & Livelihoods: Lesotho marked International Day of Potato, with officials linking the sector to national development plans, value-chain investment and climate-smart production. Local Business & Community: LMPS Leribe will launch an athletics club to get members more active and reduce hospital admissions linked to lack of exercise.

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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