Business

Business

Charming Investors

LESOTHO wants to brand itself as an investor-friendly destination. At the Lesotho Investment Forum in London last week, a ministerial delegation highlighted the country’s effort in diversifying its economy, presenting

Business

Ponzi Schemes spook mobile networks

  Schemes move to mobile money Lemohang Rakotsoane MASERU MOBILE money transfer platforms have become the latest conduits for pyramid schemes to move monies between depositors, entangling telecommunication companies in

Business

Dreamer from the mountains

BEING unable to finish school did not stop Paul Makhakhe (50) from following his passion of being a shoemaker. Born and bred in Lesotho in led Maseru was difficult for

Business

Boost for Botho varsity students

’Makhotso Rakotsoane MASERU STUDENTS at Botho University were two weeks ago given smart phones to enable them to conduct research. Speaking at ceremony to hand over the gadgets, Vice-Chancellor Lucky

Business

Vodacom joins fight against HIV

Rose Moremoholo MASERU VODAFONE Foundation has committed USD$8 million (approximately M120 million) in the treatment of Lesotho’s children and pregnant women living with HIV.Vodafone Foundation is working in collaboration with

Business

5000 Workers sent home

Lemohang Rakotsoane MASERU ABOUT 5000 workers have been temporarily laid off because textile factories have not had orders for the past two months. This is because the major buyers in

Local News

Central Bank Hikes interest rates

  MASERU THE Central Bank of Lesotho (CBL) this week increased its interest rate by 25 basis points from 6.75 percent to 7 percent, a move likely to force commercial

Business

The falling Rand the rise of Push-push

  By Bokang Moeko The Rand has fallen. Well, it didn’t so much fall as swoop like a kamikaze pilot out of the sun with screeching engines and a wail

Business

LRA ‘owes’ Mosito

Staff Reporter Suspended Court of Appeal President Justice Kananelo Mosito does not owe a cent to the Lesotho Revenue Authority (LRA). Instead he is likely entitles to a refund of