AGP Executive Report
Last update: 9 hours agoSACU Summit Momentum: Lesotho’s PM Samuel Matekane and regional leaders met in Cape Town for the 9th Southern African Customs Union summit, with a push to implement the “re-imagined SACU Agenda,” extend the 2022–2027 strategic plan, and speed up industrialisation, customs modernisation, trade facilitation and regional value chains. Customs Revenue Focus: Lesotho Revenue Services urged traders and commuters to meet customs declaration rules, highlighting its Authorised Economic Operator (AEO) programme to cut clearance times and protect Lesotho’s SACU revenue share. Agriculture Finance Uptake: Lesotho Post Bank’s Agricultural Financing Unit urged Berea farmers to use tractor financing, saying the scheme remains under-used despite government support. Farm Skills for Value-Add: Pilot Resource Centre farmers in Berea trained on turning fresh milk into yoghurt and sour milk, aiming to reduce waste and improve nutrition and income. Water Security Watch: Carte Blanche followed hydrologists modelling how extreme heat could stress the Vaal–Lesotho Water System and raise “Day Zero” fears for South Africa. Regional Trade & Payments: Afreximbank and partners spotlighted stronger intra-African trade, including local-currency cross-border settlement via PAPSS.
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