AGP Executive Report
Last update: 6 hours agoInvestment: Lesotho is touting a proposed $6.2 billion US investment in the Kobong hydropower plant and AI data centre as its largest ever. The project remains at the feasibility-study stage, with no construction timeline announced. Agriculture: Agriculture Minister Selibe Mochoboroane met farmers over delays and other problems with SADP II, urging them to meet funding contributions as the government seeks to boost local production and replace egg imports. Digital cooperation: Lesotho held talks with Kuwait, Botswana, South Korea and Germany at an ITU conference, exploring partnerships in connectivity, cybersecurity, AI and digital infrastructure. Regional ties: Basotho diaspora businesspeople called for stronger Lesotho–South Africa cooperation to attract investment and create jobs. Health and mining: The government has not renewed contracts for three senior Queen ’Mamohato Memorial Hospital managers amid scrutiny of the hospital’s leadership. Letšeng’s diamond royalty rate has also been cut from 10% to a variable 3%–6%, citing weak diamond prices and higher fuel costs. Infrastructure: Prime Minister Ntsokoane Matekane launched a M1.5 billion, 55-kilometre road project linking Makhoabeng and Sekiring, expected to take two and a half years.
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