AGP Executive Report
Last update: 8 hours agoTrade & Jobs: Lesotho’s garment exports regain duty-free access to the US after a temporary Section 301 levy expired, protecting about 34,000 textile and apparel jobs and easing pressure on factory orders. US Policy Impact: The government says Lesotho was also excluded from new US forced-labour tariff measures effective 24 July 2026, strengthening investor confidence in the AGOA-linked textile value chain. Energy Integrity: LEC secured commitments to repay over M3.7 million tied to an alleged electricity fraud scheme running since 2015, with investigators still pursuing additional suspects. Agribusiness Push: MP Mohopoli Monokoane is promoting commercial farming to fight unemployment, backing a cabbage seedling demo project and urging youth to treat agriculture as a business. Digital Finance: Vodacom Lesotho launched Tsetela, an M-Pesa investment service with small minimums (from M50) for professionally managed funds, aiming to widen access to formal investing. Sanitation & Water Works: A new push for school sanitation is underway, while the ROLL project will launch reconstruction of the Letšeng-la-Letsie dam wall to curb leakage and restore a Ramsar wetland. Bilateral Cooperation: India and Lesotho reviewed cooperation through the 6th JBCC in New Delhi, focusing on development support, capacity building, and humanitarian disaster relief. Investment Outreach: Lesotho’s PM courted Nigerian investors in Abuja, pitching Lesotho as a safer alternative amid xenophobia concerns in South Africa and promising 100% capital repatriation.
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