Category Archives: Lesotho News

Lesotho News

Lesotho’s vulnerability to drought will continue without increased investment in resilience, says IFRC President

Lesotho has one of the highest prevalence of HIV and AIDS in the world read more

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Africa’s hospitality sector withstands economic headwinds

Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa read more

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Six African Countries Granted Duty-Free Access to EU Markets

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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. read more

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Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar

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” [1]. 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: read more

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Lesotho and Georgia, two additional ratifications for the Trade Facilitation Agreement

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. read more

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Corruption on the rise in Africa poll as governments seen failing to stop it

Transparency International estimates 75 million Africans paid a bribe in the past year read more

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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 read more

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Enquête YPO: Chute de la Confiance des Entreprises Africaines à son plus bas niveau historique

La croissance lente constante, le taux élevé du chômage et la baisse en exportations conduisent à une baisse marquée de la confiance read more

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Southern Africa Officials Share Experience of Natural Resource Wealth Management

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. read more

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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.” read more

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IMF Staff Completes 2015 Article IV Mission to Lesotho

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: read more

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World crop prospects positive in 2015; but food insecurity hotspots pose concern

Global Food Price Index falls in June, cereal production is forecast to be strong despite El Niño fears read more

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It’s Not Just about the Money: To Change the World We Must Change Ourselves

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