AGP Executive Report
Last update: 7 hours agoTextiles and Apparel: Lesotho’s new sector strategy targets 70,000 jobs, more than US$1 billion in annual exports and US$400 million in investment by 2033. The plan aims to move beyond basic assembly and process more wool and mohair locally, as apparel’s share of manufacturing value added tops 80% and factory employment has fallen. Water and Procurement: WASCO faces scrutiny over its smart-meter tender after executives travelled to China on a trip funded by a bidder. The Public Accounts Committee questioned whether procurement rules were followed. Economic Outlook: Lesotho’s growth has held up amid regional and global pressures. Inflation eased to 2.6% in August, though higher food and fuel costs could push it up next year. Climate and Energy: A US$10 million resilience project will support 80 SMEs developing solutions for water, energy, food and agriculture. Lesotho is also among eight countries set to receive UK-backed clean-energy investment for projects aimed at replacing diesel power. Agriculture: Lesotho urged that a proposed US$1 billion African seed initiative deliver funding directly to small farmers, with grants and flexible financing for climate-vulnerable countries.
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
