AGP Executive Report
Last update: 3 hours agoAI & Energy Investment: Lesotho just landed what’s being called its biggest-ever deal: the Kobong Project, a US$6.2bn hydropower and AI data centre investment by U.S. firm Convalt, aimed at turning Lesotho into a regional electricity exporter and an AI infrastructure hub. Cybersecurity for Industry: The government launched an interim CSIRT and a National Cybersecurity Forum to help government and business defend Lesotho’s digital systems. Trade Relief for Garments: Lesotho’s textiles, apparel and fisheries regained duty-free access to the U.S. after Section 122 tariffs expired on 29 July, easing pressure on an industry employing 30,000+ workers. Export Push & MSMEs: After SADC Industrialization Week, Lesotho MSMEs say they’re ready to sell across the AfCFTA’s 1.3bn market, citing clearer rules of origin and new leads. Agriculture to Commercial Scale: The agriculture ministry validated a Public Private Dialogue action plan to move farming from subsistence to commercial production, supported by the World Bank’s CAFI project. Regional Diplomacy: India and Lesotho reviewed cooperation at the 6th JBCC in New Delhi, with the next meeting set for Maseru in 2027.
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