AGP Executive Report
Last update: 7 hours agoTextiles and Apparel: The sector still generates more than 80% of Lesotho’s manufacturing value added and employs the most people in formal private business, but factory closures have cut jobs to an estimated 30,000–35,000. A new strategy aims to attract investment and move production into higher-value goods. Public Utilities: The Public Accounts Committee questioned WASCO’s decision to accept a China trip funded by a company bidding for its smart-meter project, raising concerns about procurement practices. Currency and Costs: The loti was among currencies that fell by more than 6% in the second quarter amid global market pressure. Fuel prices also rose on October 7, adding to transport and household costs. Climate and Energy: A five-year, US$10 million programme will support 80 Lesotho small businesses developing climate-resilience and green-job projects. Separately, contracts for geotechnical work have advanced planning for the proposed 120MW Oxbow hydropower scheme.
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.
Perspectify News
