WASHINGTON, June 8, 2020 — The swift and massive shock of the coronavirus pandemic and shutdown
measures to contain it have plunged the global economy into a severe
contraction. According to World Bank forecasts, the global economy will shrink
by 5.2% this year.
That would represent the deepest recession since the...
Local insurance company Alliance Insurance Group has availed up to M1.5-million to help mitigate and cushion the impact of the dreaded Covid-19 pandemic on vulnerable sections of society.
Alliance Insurance Group is an innovative and seasoned
company that has been making inroads in the local...
The Central Bank of Lesotho
(CBL) says economic growth in the first quarter of 2020 was negatively affected
by the global spread of the COVID-19 pandemic and associated infection control
measures undertaken around the globe.
CBL Governor Retṧelisitsoe
Matlanyane said this is despite unprecedented monetary and fiscal policy...
No matter where you find yourself in the
world, there are communities in need and organisations and individuals willing
to make a difference. It’s seldom you’ll find a coordinated and integrated
approach, that allows contributors to feed into the system at the right time,
with the right skills set.
By Tokiso Nthebe
Every month end, many households are often stressed
trying to stretch their monthly income to cover all the expenses. With the cost
of living on the rise and financial resources limited, this can become extremely
overwhelming. More worrying are the households operating without a...
You will never appreciate having car
insurance until an accident happens. It was Sunday the 15th September
2019 when some reckless driver turned into my lane abruptly without indicating.
As you can imagine, I made all attempts to avoid a collision, but to my dismay
my...
Ever walked into
a financial institution, talked to the consultant and walked out without
understanding what was said?
Well, this is
the narrative for many consumers of financial products in the country. A
consumer of financial products is anyone who uses financial products such as bank
accounts or...
