AGP Executive Report
Last update: 10 hours agoEnergy and investment: Lesotho’s proposed $6.2bn Kobong project combines a 1,200MW hydropower plant and an AI data centre. It remains at the feasibility stage, with a 12-month study ahead. Cross-border trade: Basotho diaspora businesspeople called for closer Lesotho–South Africa ties at a summit promoting investment, remittances and local job creation. Industry and jobs: Ha Belo’s M800 million industrial estate may finally move forward after its power infrastructure was completed, raising hopes for factory jobs and economic activity. Agriculture: Farmers raised delays and other hurdles in the M11 million SADP II programme; the agriculture minister urged them to meet funding requirements and expand local production. Mining: Letšeng Diamonds’ royalty rate has been cut from 10% to between 3% and 6%, as the government responds to weak diamond prices and higher fuel costs. Transport: Construction has begun on a M1.5 billion road in Thaba-Tseka, with 15% of the work reserved for local contractors.
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