AGP Executive Report
Last update: 7 hours agoTextiles: Apparel accounts for more than 80% of Lesotho’s manufacturing value added and remains its largest formal private-sector employer, but employment has fallen to 30,000–35,000 as factories close and US exports weaken. A new strategy aims to attract investment and move the sector into higher-value products. Public Procurement: Parliament’s Public Accounts Committee questioned why FocalPoint funded WASCO executives’ overseas trips while bidding for the smart-meter project, saying the arrangement raised concerns about possible bribery. Climate Investment: A five-year, US$10 million programme will support 80 SMEs developing climate-resilience solutions and green jobs in water, energy and agriculture. Farming: Lesotho urged that a proposed US$1 billion African seed initiative deliver grants and flexible finance directly to smallholder farmers. Energy: LHDA awarded geotechnical contracts for the proposed 120MW Oxbow hydropower plant, which could strengthen electricity supply and reduce reliance on imports. Business Costs: New fuel prices add pressure on households and transport operators, with petrol 95 rising to M28.60 a litre and diesel to M34.90.
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