AGP Executive Report
Last update: 5 hours agoUFO turnaround: Lewis Group says its struggling UFO furniture chain is still under pressure, with restructuring under way: three underperforming stores have been closed and two more are planned over the next 12 months as management works to “right-size” and stabilise operations. Monetary policy: Lesotho’s central bank raised the Central Bank Rate by 25 basis points to 6.75%, citing global uncertainty and higher fuel prices linked to Middle East tensions. Agriculture: Lesotho marked International Day of Potato, with Agriculture Minister Selibe Mochoboroane pointing to plans to commercialise farming, boost productivity and strengthen value chains. Trade relief: Government welcomed China’s lift of temporary wool import restrictions, saying it will ease pressure on Basotho farmers and unlock delayed consignments. Waste crisis: An Ombudsman report warns 80% of Lesotho’s waste is unmanaged, with serious health risks from illegal dumping and open burning. Mining jobs at risk: Storm Mountain Diamonds (Kao Mine) is set to shut down on 30 June 2026, leaving over 800 workers unemployed. Elections prep: The IEC launched civic and voter education ahead of upcoming electoral processes. GBV support: Lesotho’s GBV Centre is now operational, with victims receiving counselling and psychosocial support.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
