Category Archives: Lesotho News
South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate.
Africa trade sector has received good news – especially for manufacturers and traders in South Africa, Namibia, Mozambique, Botswana, Swaziland and Lesotho. On 14th September, 2016, the European Parliament The approved an agreement which grants access for the EU countries to receive products from the above listed countries on a duty-free basis. What this means is that, Namibia, Mozambique, Botswana, Swaziland and Lesotho have been offered duty-free access to EU markets while South Africa is also listed to have an improved market access.
Positive impact on credit industries in Africa: Namibian consumers soon to have greater chances of improving their credit records
Compuscan Credit Reference Bureau Namibia – headquartered in Stellenbosch, South Africa – has officially announced that its credit bureau licence has been approved by the Bank of Namibia, the country’s central bank. The issuing of this licence, during the first quarter of 2016, will ultimately result in positive growth for the country’s credit industry, and for consumers who could have additional databases count in their favour towards their creditworthiness.
The Governor of the Bank of Botswana, Ms. Linah Mohohlo, and the Deputy Managing Director of the International Monetary Fund, Mr. Min Zhu, hosted today in Gaborone, Botswana, a regional conference entitled “Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar” . Delegates included senior officials from a number of countries representatives of the private sector, academia, the Executive Board of the IMF and IMF staff. At the end of the conference, the following statement was issued:
Lesotho and Georgia are the two new members that have ratified the Trade Facilitation Agreement (TFA). The WTO Secretariat received the countries’ instruments of acceptance on January 4th. These two ratifications bring to 65 the number of WTO members that have formally accepted the TFA. Several ratifications were submitted by ministers during the organization’s Tenth Ministerial Conference in Nairobi.
Transparency International estimates 75 million Africans paid a bribe in the past year
La corruption gagne du terrain et les gouvernements sont impuissants à enrayer le phénomène, d’après le sondage d’opinion mené en Afrique
Transparency International estime que 75 millions d’Africains ont versé un pot-de-vin au cours de l’année dernière
La croissance lente constante, le taux élevé du chômage et la baisse en exportations conduisent à une baisse marquée de la confiance
The IMF’s Africa Regional Technical Assistance Center South (AFRITAC South), in collaboration with the Africa Training Institute, held a seminar on “Strengthening Fiscal Frameworks and Public Financial Management Systems for Managing Natural Resource Wealth” on September 21–25, 2015 in Mauritius.
Illicit Financial Flows: Major Hurdle to Achieving Sustainable Development Goal #4 — Ensuring Quality Education
Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008-2012 IFFs swamped national education spending in many countries. The IFF/Education Spending ratios (see below) give an indication of the problem some countries will face in achieving Sustainable Development Goals #4. GFI President Raymond Baker said that the UN commitment to “substantially reduce” IFFs in target 16.4 “is a welcome advance in the fight to curtail the damage illicit flows inflict on children around the globe.”
MASERU, Lesotho, September 2, 2015/African Press Organization (APO)/ — An IMF Article IV mission visited Maseru from August 20 – September 2.The mission met with the Honorable Ministers of Finance, Development Planning, Public Service, Education and Training, and Health, Honorable Chairpersons of several Parliamentary Committees, the Governor of the Central Bank of Lesotho (CBL), the Acting Vice-Chancellor of the National University of Lesotho (NUL), other Government and CBL officials, NUL faculty and students, and representatives of the financial sector, private sector, the Council of Church Leaders, civil society, and international development partners. At the end of the mission Mr. Dunn, the mission chief, issued the following statement:
Global Food Price Index falls in June, cereal production is forecast to be strong despite El Niño fears
The Mediterranean sea has become a graveyard for Africa’s youth. Every day, we see images of what would appear to be a continent racked by conflict and poverty, and people risking – often losing – their lives in an attempt to flee . Yet Africa has 11 of the 20 fastest growing economies in the world. Africa has enormous resources, and almost half of the world’s uncultivated land that is suitable for growing food crops. So why are so many people desperate to leave behind a land of such opportunity?
Only 34 percent of people in sub-Saharan Africa have a bank account.