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Business

LEWA flags LEC’s poor financial records

Seabata Mahao The Lesotho Electricity and Water Authority (LEWA) has slammed the power utility company, Lesotho Electricity Company (LEC) over its poor financial record-keeping. The electricity...

CAFI, BEDCO empower entreprises with business skills and funding

Libuseng Molato Basotho Entreprise Development Corporation (BEDCO) awarded funding to ten small entreprises following their completion of a six-month business incubation process. Pasa Production, Leather Sole...

Gem Diamonds’ profits in monumental fall

Bereng Mpaki The poor performance of the global diamond market has negatively impacted on Letšeng Diamonds’ majority shareholder, Gem Diamonds’ profit which declined by a...

Matekane challenges the youth

Kabelo Tjeketsi Prime Minister Samuel Matekane has challenged Lesotho youth to seize opportunities presented by his youth empowerment initiative, Sebabatso. A visionary approach designed to overcome...

Standard Bank woos clients to take loans

Seabata Mahao Standard Lesotho Bank (SLB) has kicked off a lending campaign from March to May this year, urging clients to consider taking out loans...

M30 million LNDC loan under scrutiny

Staff Reporter The Lesotho National Development Corporation (LNDC) board of directors has approved a trade finance request amounting to M30 million in favour of a...

Mothae mine operator skips paying dividends

Bereng Mpaki Mothae diamond mine’s majority shareholder, Lucapa Diamond Mining Company, has not declared or paid dividends to its shareholders for the financial year ended...

A closer look at LHWP II construction, social and environmental initiatives

Bereng Mpaki In a bid to get first-hand experience to monitor the ongoing developments of the second phase of the Lesotho Highlands Water Project (LHWP...

Why Marakabei-Monontša project is behind schedule

Lehohlohonolo Motšoari Several factors, including a 15-kilometer road extension and challenges in relocating affected community members, have contributed to the delay in completing the Marakabei...

LHWP II hits key milestones

…as project enters into main stages of production Bereng Mpaki The implementation of the second phase of the Lesotho Highlands Water Project (LHWP II) is...

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