AGP Executive Report
Last update: 7 hours agoClean Energy: UK-backed funding of more than £2 million will support 10 clean-energy projects across Africa, including Lesotho, aiming to scale reliable alternatives to diesel power. Textiles: Lesotho’s new sector strategy targets 70,000 jobs, over US$1 billion in annual exports and US$400 million in investment by 2033. It aims to move beyond basic assembly into higher-value production and local wool and mohair processing as the industry faces falling orders and uncertainty over US market access. Economic Outlook: Regional growth has held up in 2026; Lesotho’s inflation eased to 2.6% in August, though higher food and fuel costs could push it up next year. Industry: Maluti Mountain Brewery has refreshed its brand as Lesotho marks 60 years of independence, linking the change to its heritage and future ambitions. Water and Infrastructure: Phase II of the Lesotho Highlands Water Project is set to expand water deliveries and hydropower capacity. Separately, WASCO’s smart-meter tender faces scrutiny, with MPs questioning a bidder-funded China trip for company executives.
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