AGP Executive Report
Last update: 2 hours agoKobong Hydropower & AI Deal: Lesotho has signed a binding agreement with US firm Convalt Energy for a $6.2bn (98bn maloti) project combining at least 1,200MW hydropower with a green-powered AI data centre near Kobong Dam, aimed at energy independence, job creation and cutting reliance on imported electricity—though it still depends on feasibility, financing and approvals. LHWP Progress: The Lesotho Highlands Development Authority says Polihali Dam Phase II is advancing, with rockfill placement and upstream concrete curb reaching elevation 2020, as overall dam construction sits at about 45% toward a 2027 reservoir target. Trade & Investment Push: Dubai Chambers met Lesotho’s Prime Minister Samuel Ntsokoane Matekane in Johannesburg to explore stronger trade and investment ties, highlighting Dubai expertise in logistics, infrastructure and the digital economy. Public Accountability: Lesotho’s government will hold a National Leadership Retreat (June 21–23) and an Accountability Summit (July 1–3) to improve service delivery and transparency. Green Enterprise Funding: Lesotho-based green entrepreneurs can apply for the 2026 FNF Afri GreenPitch Challenge, with pitches planned in Nairobi and Cape Town in September. Corruption Watch: The DCEO says corruption harms Basotho by blocking access to services, inflating costs and leading to poor-quality procurement.
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