Finance


Factory workers demand salary hike

MASERU – After a deadlock with the employer over salary increase, employees of Crabtree - a South African electrical accessory manufacturing company based in Lesotho have engaged on a strike.

LHWP II Polihali western access road contracts awarded


finance

MCC, hawkers partner to clean Maseru city

MASERU - Nine months into a partnership that was signed between the Maseru City Council (MCC), street vendors and taxi …


Meat processing plant unveiled

Polihali workers threaten to halt project


CBL issues warning about fraudulent company


Phase III of Tikoe Industrial Estate launched

MASERU – Prime Minister Thomas Thabane on Friday led the sod turning ceremony of the construction of  Phase III of the M440 million Tikoe Industrial Estate.


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Strong activity in weakening global trade: CBL

MASERU – The Governor of the Central Bank of Lesotho Dr Rets’elisitsoe Matlanyane says the global activity was relative…


Nedbank to testify against wool farmers

MASERU - Nedbank Lesotho has requested to be given adequate time to investigate claims of three wool farmers who allege…


Post Bank opens new branch in Marakabei

THABA-TSEKA – Lesotho Post Bank has opened a new branch in Ha Marakabei to make banking more convenient and accessible …


M4million FNB theft case continues

MASERU – The matter in which a former employee of the First National Bank (FNB) Lesotho is accused along with another m…


Investment grows in Lesotho’s marijuana market

Foreign investors are ramping up investment in Lesotho’s cannabis industry with the aim of making the southern African …


Fokothi graduate makes soap machine

The machine is super! With it, the National University of Lesotho (NUL) effortlessly produces Mohalalitoe bar soaps, as…


Men beat each other over work

LERIBE – The main street of the industrial town of Maputsoe was yesterday brought to a stand-still when two men, known …


Indian businessman gunned down

MASERU - Lesotho business man of Indian descent Younus Vohra was allegedly shot dead by unidentified persons on June 20…


M9 million for unpaid police salaries

KABELO MASOABI Prime Minister Thomas Thabane has given the greenlight for the payment of the 6% salary increment amoun…


Heavens smile on street vendor

…as ETL hands over building to Leuta. Tears of joy streamed down ’Manthabeleng Leuta’s cheeks on Tuesday as she was han…


Ha Mabote man defrauds Co. M2million

A Ha Mabote man who allegedly defrauded a local financial outfit cash amounting to M2million in forged cheques was yest…


Plans underway to form cooperative bank

Plans are in place to establish a Cooperative Bank, the Commissioner of Cooperatives ’Maphamoli Lekotje has disclosed. …


Petrol price goes down

The price of petrol decreased by 25 Lisente per litre from midnight.  According to a statement released by the Petroleu…


Chinese supermarket eaten by flames

MAPUTSOE – Property estimated at about hundreds of thousands of maloti was destroyed when a Chinese-owned grocery store…


World Bank funds water supply project

The Government of Lesotho and the World Bank yesterday signed a loan agreement worth over M1 Billion for the developmen…


Thabane opens validation conference

Prime Minister Motsoahae Thabane will later today open a national validation conference for Voluntary National Reviews …


Youth project launched for job creation

The government of Lesotho on Tuesday launched the Bacha Entrepreneurship Project Phase 11(Year 2) in a bid to assist th…


Petroleum Fund appoints new boss

Petroleum Fund, a parastatal with a mandate to transform the petroleum industry in Lesotho through ensuring security of…


LHWP Phase 2 faces sharp criticism

...was Lesotho bamboozled or got a raw deal out of its own miscues? LHDA responds to sharp criticism of LHWP Phase II. …


Angry wool farmers insult LWC

. . . also accuse bank of helping broker defraud them. Wool and mohair farmers almost exchanged blows with Lesotho Wool…


WB tears into Lesotho’s education system

A recently released Public Expenditure Review  (PER) report by the World Bank has torn into Lesotho’s education system,…


Mochoboroane urges economic liberation

Opposition Movement for Economic Change (MEC) leader, Selibe Mochoboroane, has urged Basotho to change their mindset to…


Labour court disowns unfair dismissal case

The Labour Court this week refused to handle a case of unfair dismissal arguing the manner in which the complainant fil…


Reducing the risk of outliving your money

What steps might help you sustain and grow your retirement savings? “What is your greatest retirement fear?” If you ask…


Informal sector drives economies: Moleleki

Deputy Prime Minister Monyane Moleleki has said economies are driven by hardworking men and women in the informal secto…


M1.1 billion to boost access to clean water

Up to 115 000 Basotho and businesses in the Lesotho Lowlands will have access to improved water as a result of about M1…


Youth petition govt through online platform

Transform Lesotho Initiative, a youth-led organization, has launched an online petition calling for the higher educat…


Survivors of Lesotho dams petition LHDA

Survivors of Polihali project in Mokhotlong have petitioned Lesotho Highlands Development Authority (LHDA)demanding li…


Senior magistrates lament meagre budget

Three chief magistrates from the Central, North and South regions held a press conference on Tuesday at the Magistrate…


Economist pins Lesotho decline on poor government policies

Lesotho’s economy has continued to experience a sharp decline in recent times in part due to the significant decline of…


Electronic technique upsets payments system

… but government allays fears of civil servants and promise it was last hitch Following a technical hitch in the proce…


Govt assists families of head-on collision tragedy

The Government of Lesotho has pledged to compensate families of the deceased who were involved in a head-on collision a…


10 percent pay raise for factory workers

While finance minister Dr Moeketsi Majoro announced that public servants will this year get a zero per cent salary incr…


Lai Lai scores M1 000,000

… as over M1,000,000 worth of transactions made since introduction. First National Bank Lesotho (FNBL), in its constan…


PAC to appeal high court ruling

The Chairperson of Public Accounts Committee (PAC) Selibe Mochoboroane says they are yet to appeal against the High Cou…


Money experts plan to encourage savings culture

The Central Bank of Lesotho (CBL) has said financial institutions will empower the public to be wary of fraudulent mone…


MP calls for reduction of cabinet size

A Member of Parliament (MP) for Mechachane constituency N0.I, Nyapane Kaya, has appealed to government to reduce the si…


LEC sends 14.2% tariffs hike proposal to LEWA

The Lesotho Electricity Company (LEC) submitted a tariffs’ increase application of 14.2% on Energy and Maximum Demand …


Thabane launches economic laboratories

Prime Minister Thomas Thabane says the current coalition government is committed to accelerating business development a…


Fuel increases again

Following the increase in petroleum products in February, Petroleum Fund has announced yet another increment of such p…


NUL made app tricks online thieves

The National University of Lesotho (NUL) computer scientist, Napo Mosola and his student, Mokhutli Letsae, are creatin…


Power utility legal bodies meet in Maseru

Company secretaries from different electricity supply bodies in Southern Africa have met in Maseru in a three day meet…


PAC grills Kao mine over dividends

The Public Accounts Committee (PAC) on Monday grilled the Kao Mine over unpaid dividends to the government of Lesotho s…


Political parties fail to account

Political parties have failed to account for a combined total of M12million of election funding provided by the Indepen…


Accountant formally charged with fraud

A 43-year-old Motale Noosi of Masowe II briefly appeared before the Maseru Magistrate Court charged with theft of over …


Lesotho signs for M81.5 million grant

Lesotho has on Wednesday signed for precursor grant towards Millennium Corporation Corporation (MCC) Compact Developmen…


Post Bank conned M6 million

… Chief credit officer linked and suspended Despite the national bank been conned M6 million in a scam suspected to be…


IMF cautions Lesotho

The International Monetary Fund (IMF) has cautioned Lesotho on government spending including large public sector wage b…


PAC demands government dues in parastatals

The Public Accounts Committee (PAC) has demanded from authorities in parastatals to explain when and how dividends to g…


Govt coffers run empty for suppliers

MASERU - The government has accumulated payment arrears amounting to M1.1 billion which includes payments going back to…


Qacha’s Nek applauds new road project

QACHA'S NEK (TmgLive)  – People of the rural district of Qacha’s Nek in the southern part of Lesotho have applauded the…


Fuming minister fires ‘dubious’ aide

MASERU – Mining minister Keketso Sello did not only breathe fire and portray his anger in the presence of journalists …


M17 million theft suspects seek bail

Five men and a woman charged with theft of M17 million from Standard Lesotho Bank, which was electronically transferred…


Lesotho to hold first wool, mohair auction

Lesotho is scheduled to hold its first auction of wool and mohair next week after introducing new regulations it says a…


Labour reviews elimination of child labour

The review of implementation of the action programme on the elimination of child labour has come at the right time when…


Mothae mine glistening potential

Diversified miner and explorer Lucapa Diamond Company is going through a significant growth period. With a portfolio of…


Lesotho launches diaspora project

MASERU - The Government of Lesotho through Ministry of Foreign Affairs and International Relations has on Thursday last…


TRC condemns Butha-Buthe Police

The Transformation Resource Center Tuesday last week condemned the Butha-Buthe Police who have violated the rights of t…


PAC suspended indefinitely

The Parliamentary portfolio Public Accounts Committee (PAC) suspended its sittings until further notice. This was revea…


Vodacom launches 5G broadband service

Vodacom Group announced that it has created Africa’s first standards-based, commercial 5G service in Lesotho using 3.5G…


Consumer body embraces new taxi fares

The Consumer Protection Association (CPA) has embraced the new transport fares which were announced last Wednesday. The…


Unions want Rantšo out

MASERU - Workers of different sectors, under the umbrella of the Alliance of Trade Unions of Lesotho, on Monday called …


Minister blows thousands on hotel accomodation

MASERU - A minister in the Pakalitha Mosisili-headed former seven parties’ government stayed at Avani Lesotho from 11 M…


The dawn of cannabis economy

Medigrow Lesotho (Pty) Ltd, a federally licensed producer of cannabis in Lesotho, is poised to become one of the larges…


MCC Compact II signing preps on track: Govt

MASERU - The government on Tuesday said preparations are on track for the signing of the accession of Lesotho to the se…


Post Bank takes giant leap forward

MASERU - Lesotho Post Bank, the indigenous bank wholly owned by the government of Lesotho, has taken a giant leap into …


New tax amendment to boost VAT collection

MASERU - The Members of Parliament (MPs) voted in numbers, garnering a total of 42 votes against 25, for the adoption o…


WhatsApp update fixes a frustrating issue for Android users

WhatsApp is trialling a feature allowing Android users to save voice messages on the platform. Previously, if a phone c…


LEC employees in hot water

The Maseru Magistrate Court will on July 13 hear a case in which three employees of the Lesotho Electricity Company (LE…


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