AGP Executive Report
Last update: 10 hours agoMotor Accident Fund Policy Consultations: Lesotho’s Ministry of Finance is collecting public views to repeal the 1989 Motor Vehicle Insurance Order and shape a new Motor Vehicle Accident Fund Policy (2026–2031), with calls for fair, timely compensation and wider inclusion, including foreign nationals, plus early awareness campaigns. Motor Vehicle Accident Fund Policy Consultations: The ministry is inviting written submissions from transport, legal, health, road-safety groups, victims and development partners as it reforms governance and funding sustainability. Trade & Enterprise Support: The Trade Ministry says the Regional Value Chains Lesotho Plus (RVCL+) programme is boosting Basotho competitiveness, with 102 firms taking part in eight international trade fairs and 114 officials trained in trade policy and market intelligence. LHWP Progress: Polihali Dam Phase II construction has hit 50% completion and remains on track for reservoir impoundment in 2027/28 rainy season, according to LHWP updates. LNDC Property Misuse: The Lesotho National Development Corporation says tenants are misusing its facilities and is owed about M50 million in unpaid rent, planning an operation to remove non-compliant tenants to unlock space for genuine investors. Financial Literacy Push: NUL and the Central Bank of Lesotho launch a structured financial literacy programme to reduce consumer complaints linked to people signing contracts without understanding terms. Community Winter Support: Standard Lesotho Bank begins its third Winter Drive, “Re Anetsa Mofuthu,” targeting remote mountain communities, herd boys, vulnerable adolescent mothers, persons with disabilities and the elderly with clothing, bedding and food parcels. World Population Day Focus: Lesotho marks World Population Day 2026 at Qalakheng, prioritising youth aspirations and maternal health, including a handover of specialised maternal health equipment to Nts’ekhe Hospital. Regional Migration Shock (Business Angle): South Africa’s anti-migrant door-to-door raids are escalating, with economists warning that foreign workers leaving could hurt labour markets and businesses that rely on them—an issue with direct regional trade and workforce implications for Lesotho-linked supply chains.
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