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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...
By Kefiloe Kajane The Central Bank of Lesotho is warning the members of the public will be aware of the global outbreak of COVID-19 that continues to spread across nations. The Kingdom of Lesotho has reported four (4) confirmed cases of the pandemic...
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.
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...
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...
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...