The first Mosotho to be appointed in that position of Managing Director, Mpho Vumbukani, has decided to resign from standard Lesotho bank.  The news was broken on August 14 2019 by the bank which indicated that his resignation was effective from September 30 2019. The bank thanked Mpho for his lustrous career at the bank...
By ‘Majirata Latela The Covid-19 pandemic has not only affected livelihoods and killed many people, but has also affected big projects that countries had already planned on embarking on. The construction of the Polihali Dam which is part of Phase II of the Lesotho Highlands Water Supply Project is also...
The government recently appointed a new board of directors to steer the out-of-sorts Lesotho Electricity Company (LEC), which has been hounded by reports of mismanagement coupled with allegations of being in financial dire straits. For instance, the company’s general manager appeared before the Maseru Magistrate's court on charges of...
Lesotho’s unemployment, poverty and income inequality and other social ills remain pervasive in the face of non-inclusive growth. In the past two weeks, thousands of Basotho youth were seen in long queues at the ministry of home affairs and police headquarters nationwide applying for jobs. Youth unemployment rate in Lesotho...
The board of directors of First National Bank of Lesotho last week announced the appointment of Delekazi Mokebe as chief executive of FNB Lesotho effective from 08 June 2020. Announcing the appointment, the Lesotho Board Chairperson, Ian Leyenar said, “This is a milestone decision which affirms our commitment to growing our own timber with respect to...