Business

Business

Business reforms in slow-motion

MASERU THE Private Sector Foundation of Lesotho (PSFL), a business lobby group, says reforms to make it easy to do business are not moving fast enough. For this, the PSFL

Business

M2.1bn Liqhobong project set to take off

MASERU   THE M2.1 billion project at Liqhobong Mine is 72 percent complete and production will start in fourth quarter as planned. In a trade update issued last week Firestone

Business

MMM division collapses

Staff Reporter THE Republic of Bitcoin, a division of MMM Global, has reportedly collapsed. Republic of Bitcoin is another Ponzi scheme started by Russian convict Sergey Mavrodi. It promised a

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