business

Oct. 31, 2022

NEO SENOKO

2 min read

Farmers to receive over M2m worth of farming implements

Farmers to receive over M2m worth of farming implements

Former Minister of Agriculture Keketso Mahase and his Finance counterpart, Thabo Sofonea together with CEO of Post Bank Lsesotho, Molefi Leqhaoe

Story highlights

    14 local farmers’ groups have received farming implements valued at M3 435 288
    Past government signed MOU with Lesotho Post Bank to subsidise purchase of tractors

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Seven local farmers' groups are expected to receive farming and agricultural implements worth over M2 million in a bid to combat the rampant hunger and poverty in Lesotho.

The past All Basotho Convention (ABC) led coalition government signed a Memorandum of Understanding (MOU) with the Lesotho Post Bank to subsidise the purchase of tractors and farming implements for qualifying farmers.

To date, 14 farmers or farmer groups have received tractors and implements valued at M3 435 288 under the project.

The benefactors also approved applications to the value of M2 280 492 for the seven farmers' groups though their tractors and implements are yet to be distributed. 

This is according to the previous government’s handover report of between 2020 and 2022, which was handed over to the new administration on Friday during the inauguration ceremony of Sam Matekane as Lesotho’s new Prime Minister.

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“This report is an overview of the work of the government for the period May 2020 to September 2022. The intention of this report is to provide information to the incoming government and the Lesotho public on the progress that the outgoing administration achieved on the delivery of public services,” the report says.    

The report covers the government’s key activities, achievements, and challenges as well as strategic insights and reflections during the same period.

It also highlights key recommendations and advises on a range of issues that have an impact on the development of the country.

The report further highlights other key areas that include education, health, and agriculture among others.

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