AGP Executive Report
Last update: 7 hours agoUS Tariffs Relief for Lesotho Exports: Lesotho’s textiles, apparel and fisheries are back to duty-free entry into the US after the expiry of the Section 122 tariffs on 29 July, easing pressure on garment factories and about 30,000 direct jobs. AGOA Protection: The government also says Lesotho was excluded from new US Section 301 forced-labour tariff measures, keeping AGOA duty-free access intact and supporting investor confidence. Agriculture Push via Public-Private Dialogue: The agriculture ministry validated an action plan to move the sector from subsistence to commercial production, setting up a working group under Public Private Dialogue with World Bank support (CAFI). Cybersecurity for Digital Systems: Government launched an interim CSIRT and a National Cybersecurity Forum to help state and business defend Lesotho’s digital infrastructure. Toyota Recall Reaches Lesotho: Toyota Urban Cruiser vehicles in southern Africa are recalled over a faulty fuel gauge that may not trigger low-fuel warnings; five units were sold in Lesotho. Diamond Market Shock: De Beers reported a $123m half-year loss and plans to cut production in the second half as weak diamond demand and pricing bite—an issue that also shadows Lesotho’s diamond mining. Hospital Hiring Probe: Sources say the ruling party may pursue former health minister Selibe Mochoboroane over alleged QMMH hiring irregularities, after the matter returned to Parliament’s Public Accounts Committee. LEC Fraud Repayment: LEC says two companies have committed to repay over M3.7m linked to an alleged electricity fraud scheme. Mobile Investing Grows: Vodacom Lesotho launched Tsetela, an M-Pesa-based micro-investing service with daily interest via regulated funds.
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