AGP Executive Report
Last update: 5 hours agoTrade & Enterprise Support: Lesotho’s Trade Minister Motlatsi Maqelepo says the EU- and BMZ-backed Regional Value Chains Lesotho Plus (RVCL+) programme is boosting Basotho agro-processing and light manufacturing, with 102 firms taking part in eight international trade fairs and 114 public officials trained in trade policy and market intelligence. Water Infrastructure & Compensation: A Lesotho High Court ruling (as Constitutional Court) sends Lesotho Highlands Water Project compensation disputes back to the high court, after the court declined constitutional jurisdiction—leaving thousands of affected people and businesses to pursue remedies under existing law. Industrial Land & Investment Climate: The Lesotho National Development Corporation (LNDC) flags misuse of its properties by tenants, with about M50 million in unpaid rent, and plans an operation to remove non-compliant tenants to free space for genuine investors. Construction Progress (LHWP): Polihali Dam Phase II construction is at 50% completion and remains on track for reservoir impoundment in the 2027/2028 rainy season, with major rockfill and concrete-face milestones reported. Cross-Border Labour Pressure: South Africa’s crackdown on illegal mining and xenophobic tensions are spilling into regional labour flows, including reports that Lesotho nationals are among those arrested in major illegal mining raids and that clothing factories face disruption as immigrant workers flee. Financial Literacy: NUL and the Central Bank of Lesotho launch a structured financial literacy programme to reduce consumer complaints linked to people signing financial contracts without fully understanding terms.
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.