AGP Executive Report
Last update: 3 hours agoSACU Summit Push: Southern African Customs Union leaders, including Lesotho PM Samuel Matekane, have given new Executive Secretary Dumsani Masilela a mandate to drive reforms under the “re-imagined SACU Agenda,” with focus on industrialisation, regional value chains, customs modernisation and trade facilitation. Regional Trade Finance: Afreximbank is urging deeper intra-African trade and highlights rising adoption of local-currency cross-border settlement via PAPSS, aiming to cut costs and reduce reliance on the US dollar and euro. Lesotho Customs Compliance: Revenue Services Lesotho (RSL) is urging traders and commuters to meet customs declaration requirements to protect Lesotho’s SACU revenue share, while expanding the Authorised Economic Operator (AEO) programme for faster clearance. Agriculture Finance & Skills: Lesotho Post Bank is promoting tractor financing to boost farm productivity, and dairy farmers in Berea are training to process fresh milk into yoghurt and sour milk to reduce waste and improve value. Energy Shock Watch: The IMF warns fiscal discipline is essential as war-related energy shocks fracture global growth, with knock-on effects for food and fertiliser costs across Africa. Logistics Expansion: SMSA Africa Logistics Group (formerly Namlog) has broken ground on a new head office, warehouse and workshop in Benoni to expand capacity for Southern Africa supply chains. Workforce & Industry Links: Coca-Cola Beverages Africa has opened a 2026 internship programme for diploma and degree students, offering hands-on exposure across departments.
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