economy

economy

LESOTHO OFFICIALLY IN RECESSION- MOKOENA

LESOTHO OFFICIALLY IN RECESSION- MOKOENA

Africa-Press - Lesotho. A decline in economic growth for the past two years means Lesotho is officially in recession. This, was said by one of...
LESOTHO ANTICIPATES RECOVERY IN AGRICULTURE

LESOTHO ANTICIPATES RECOVERY IN AGRICULTURE

Africa-Press - Lesotho. The Minister of Finance and Development Planning Dr. Rets’elisitsoe Matlanyane says the agricultural sector anticipates a modest recovery in the 2025/2026...
EU Africa Leaders Discuss Trade Minerals Amid Ukraine Crisis

EU Africa Leaders Discuss Trade Minerals Amid Ukraine Crisis

Africa-Press - Lesotho. European and African leaders gathered in Angola Monday for a summit to deepen economic and security ties, with emergency talks on...
European Investment Bank Invests 2 Billion Euros in Africa

European Investment Bank Invests 2 Billion Euros in Africa

Africa-Press - Lesotho. The European Investment Bank (EIB) is pledging more than 2 billion euros ($2.3 billion) of financing for renewable energy projects on...
UAE Announces $1 Billion Initiative to Expand AI in Africa

UAE Announces $1 Billion Initiative to Expand AI in Africa

Africa-Press - Lesotho. The United Arab Emirates said on Saturday it will invest $1 billion to expand AI infrastructure and AI-enabled services across Africa,...
Germany Invests $42M in African Investment Insurer

Germany Invests $42M in African Investment Insurer

Africa-Press - Lesotho. German Chancellor Friedrich Merz on Saturday said Berlin will invest over €37 million ($42.63 million) in the African Trade and Investment...
G20 Summit Adopts Declaration Amid U.S. Boycott

G20 Summit Adopts Declaration Amid U.S. Boycott

Africa-Press - Lesotho. A Group of 20 leaders’ summit in South Africa adopted a declaration addressing the climate crisis and other global challenges on...
Global Stocks Slump

Global Stocks Slump

Africa-Press - Lesotho. Global markets fell on Friday as fading expectations for a December interest rate cut by the US Federal Reserve and renewed...
SADP II PROVIDES INPUTS TO YOUTH

SADP II PROVIDES INPUTS TO YOUTH

Africa-Press - Lesotho. The Smallholders Agriculture Development Project (SADP) within the Ministry of Agriculture and Food Security distributed inputs to 40 youth representatives across...
Africa Pays ‘Scandalous’ Premium to Borrow, Top Bankers Say

Africa Pays ‘Scandalous’ Premium to Borrow, Top Bankers Say

Africa-Press - Lesotho. The credit ratings of most African nations are much lower than similar sovereigns elsewhere in the world, costing them billions of...