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Business

Why taxman missed revenue target

Seabata Mahao The Revenue Service Lesotho (RSL) has attributed its failure to collect the required tax revenue during the 2023/24 financial year to several factors...

Government unveils mission to rescue textile industry

Kabelo Tjeketsi In a bid to revive the faltering textile industry, the government has launched a desperate initiative to breathe new life into the once-thriving...

Apprehension mounts over delay in LHWP II’s hydro power scheme

Bereng Mpaki Concerns have emerged over the sluggish progress of the hydropower scheme component, which seems relegated to an afterthought under the ongoing second phase...

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...

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