Company News

Maseru, 6 February 2020 The Lesotho Highlands Development Authority (LHDA) is aware that on 06 February Amnesty International released a statement on Phase II of the Lesotho Highlands Water Project, calling on Lesotho authorities to halt the implementation of Phase II, alleging that the Project does not comply “with international …

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 plan (commonly known …

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 car was left damaged …

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 insurance policies …

First National Bank Lesotho (FNB) and Mamoth Employee Benefits Company will host the fourth Maseru City Urban Road Challenge (MCURC) on October 5, which they have sponsored with an undisclosed amount of money. MCURC is a road race that takes place in October to commemorate Lesotho’s independence. The country got …

Spring has sprung, bringing with it new opportunities to start afresh and improve. What better way to kick off this new season than “spring cleaning” our personal finances and taking control of the things that really matter- estate planning? Estate planning for many households is not a priority and is …

When most people think about insurance, the common types of policies that often come to mind are funeral covers, car insurance and/or life cover policies. In most cases, we often confuse what each type of insurance cover is meant for and/or why we need it. As if the confusion is …

The Monetary Policy Committee (MPC) of the Central Bank of Lesotho (CBL) says the global economic activity was relatively strong in the first quarter of this year, amid heightened downside risks and indications of weakening global trade. Central Bank governor Dr Retṧelisitsoe Matlanyane, explained on Wednesday that during the first …

A bank or account statement is defined as a summary of financial transactions recorded over a period of time by financial institutions i.e. bank, insurance or asset management companies.  Most financial services providers send account statements to their clients on a monthly or quarterly basis depending on the agreed upon …

CompCare Afriski Winterfest presented by Jacaranda FM, took place from the 22 – 25 August 2019 at Afriski Mountain Resort in Lesotho. By day Winterfesters were treated to a ton of activities for adventure lovers, festival junkies, skiers, and snowboarders. By night the festival came alive with the hottest tunes.   …