AGP Executive Report
Last update: 8 hours agoEnergy and Digital Infrastructure: Lesotho is touting a proposed $6.2 billion Kobong project combining a 1,200MW pumped-storage hydropower plant and AI data centre. It remains at the feasibility stage, with a 12-month study underway. Transport and Construction: Construction has begun on a 55-kilometre Makhoabeng–Sekiring road, budgeted at M1.5 billion over 30 months; 15% of the work is reserved for local firms. Lesotho also plans to buy 20 buses from Uganda’s Kiira Motors, with five more pledged by President Yoweri Museveni. Manufacturing: Basotho-owned Johane Industries has launched full-scale garment production at Tikoe, backed by machinery grants and factory space from LNDC. Mining: The government cut Letšeng’s diamond royalty from 10% to a variable 3%–6%, effective October 1, a major change to public revenue from the mine. Telecommunications: Vodacom reported strong regional growth, including in Lesotho, as it explores satellite connectivity and AI data-centre investment across Africa.
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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