AGP Executive Report

Last update: 10 hours ago

World Bank Financing: Lesotho and the World Bank signed three agreements worth over M841m to expand clean energy access, boost skills development, and improve nutrition outcomes. Agriculture & Food Security: The Ministry of Agriculture is finalising plans to operationalise the Ha Foso grain storage facility, with farmers already delivering grain via the Disaster Management Authority. Regional Cooperation: Botswana and Lesotho pledged deeper strategic cooperation through the Bi-National Commission, with priorities including water, energy, trade, agriculture, and investment. Industrial Policy Push: The LNDC launched its “Letsema” 2026–2031 plan, targeting 50,000 net new jobs and 100 homegrown industrialists while aiming to break import dependence. Public Finance Scrutiny: The Auditor-General flagged weak implementation under the CAFI project, citing only 41% spending capacity by March 2024 despite its private-sector competitiveness and financial inclusion goals. Energy & Jobs Link: Convalt Energy announced plans for a solar manufacturing campus in New Mexico, while it has also agreed with Lesotho to develop 4.6GW of solar. Business & Trade Skills: Afreximbank’s AfCFTA training in Cairo focuses on practical export-import know-how and trade finance for African corporates. Governance & Accountability: The Ombudsman renewed criticism over failures to address displacement and prison/mental health conditions, highlighting ongoing harm from poor execution.

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.

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