Business & Economy

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Basotho Need South African Agents

Maseru – Lesotho businesses operating as importers of goods from South Africa to Lesotho need to find registered entities in South Africa. According to a press statement from Lesotho Revenue Authority LRA, these individuals should be willing...

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Construction Contributes to Development

Maseru – The Ministry of Public Works and Transport is formulating a National Construction Industry Development Policy to allow for institutional and legal framework to facilitate the growth and development of the construction sub-sector. This...

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Basotho to Access Funding – Phori

Maseru – The Minister of Small Businesses Development, Cooperatives and Marketing Honourable Chalane Phori says the Ministry has been awarded 10 Million Maloti of the Partial Credit Guarantee Scheme Fund, which will be accessible for Basotho...

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Financial Literacy is Important

Maseru – The business community should work with other financial institutions to ensure that every Mosotho is financially literate in order to make sound financial decisions. The Director of Corporate Affairs at the Central Bank Lesotho CBL...

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BEDCO Launches Programs

Maseru – In an effort to promote Basotho businesses and assist in the fight against unemployment and poverty, Basotho Enterprise Development Cooperation BEDCO has launched four enterprise development programs. Speaking during the launch, BEDCO...

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CBL to Empower Basotho with Skills

Maseru – Financial Institutions will collaborate to impart skills to ensure that people spend money wisely by teaching them the importance of budgeting, saving and accountability. This was stated by Central Bank of Lesotho CBL Second Deputy...

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MPC Reduces CBL Rate

Maseru – The Monetary Policy Committee MPC of the Central Bank of Lesotho CBL has decided to reduce the Bank’s rate by 25 basis points to 6.5 percent per annum. CBL Governor Dr. Rets’elisitsoe Matlanyane revealed this when briefing the...