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Business

LCA announces amendment of authority rules

Chris Theko The Lesotho Communications Authority (LCA) has announced the promulgation of the Authority administrative (Amendment) Rules.  The announcement was made at a press briefing...

Liquor traders break the silence

Ntsoaki Motaung Liquor stores and restaurants demand to sell alcohol daily like other businesses whose lockdown have been lifted. The Lesotho Liquor & Restaurant Owners Association...

Kao Mine runs M174m loss

As lower diamond prices affect profitability Lerato Matheka The Storm Mountain Diamond (SMD) has made a loss of M174 million, reports have shown. According to SMD performance report, the mine...

Lesotho mine industry at risk

…With rough diamond production expected to decrease in short term due to depletion of existing mines …it is predicted that the global portfolio of diamond...

Entrepreneurship Expo turns 4

Pheello Mosesi Themed ‘Building sustainable value chains’, this year’s expo and summit saw both  young and old entrepreneurs motivated to show up at the mall and showcase...

Polihali Takes off

Pheello Mosesi This week the first rock blasting activity towards the construction of Polihali Dam took place in Malingoaneng, Mokhotlong as a signal that the wall and tunnel...

M1.4 billion from nine years ago yet to be regularised

…As the Audit report gives another adverse opinion on government spending Lerato Matheka Government consolidated financial statements do not present fairly the financial position, the Auditor General (AG)...

OAG identifies a need for political will

Lerato Matheka Lesotho has been nominated to deputise Seychelles which was nominated chairperson of the Organisation of English-speaking African Supreme Audit Institutions (AFROSAI-E). Lesotho is part of 16 countries...

Local sandstone miners complain

Keketso Khunonyane Local Sandstone Mining Companies at Lekoakoaneng laid their challenges before the Minister of Mining Keketso Sello, during his visit earlier this month. The purpose for the...

Post Bank meets street vendors half way

Keketso Khunonyane With capital struggles facing small and informal businesses, the Lesotho Post Bank saw a need to come up with a small loan service...

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