AGP Executive Report
Last update: 8 hours agoDiamond sector pressure: De Beers posted a $123m half-year loss and says it will cut production in the second half as weak demand, lower prices and lab-grown competition bite—an echo of the challenges facing Lesotho’s high-value diamond mines. Road safety recall: Toyota Urban Cruiser vehicles sold in southern Africa are being recalled after a faulty fuel gauge/low-fuel warning issue; five units were exported to Lesotho, with owners urged to get free inspection and repair. Agriculture push via dialogue: Lesotho’s 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. Hospital hiring controversy: Sources say the ruling Revolution for Prosperity is preparing action against former health minister Selibe Mochoboroane over alleged Queen Mamohato Memorial Hospital hirings, after the matter returned to Parliament’s Public Accounts Committee. Trade relief for manufacturers: Lesotho regained duty-free access to the US after Section 122 tariffs expired, restoring zero-tariff entry for textiles, apparel and fisheries, while AGOA renewal remains a looming question. Digital security upgrade: Government launched an interim CSIRT and a National Cybersecurity Forum to coordinate state and business response to cyber attacks. Sanitation at schools: A workshop by rise International returned to Motimposo Primary School to build a boys’ urinal block using low-impact materials. Mobile investing grows: Vodacom Lesotho and UNDP partners backed digital transformation, while Vodacom launched Tsetela, an M-Pesa-based micro-investing service with small minimums.
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