Read More

CBL disowns MKM investors’ claims

NEO SENOKO

MASERU – The seemingly never-ending MKM saga deepened yesterday when the Central Bank of Lesotho (CBL) distanced itself from growing speculation that it is engaging with MKM representatives to discuss the repayment of its investors.

Read More

Bidvest deal under probe

KANANELO BOLOETSE

MASERU -The government will vigorously pursue those responsible for the costly Bidvest contract as it ratchets up attempts to recover monies siphoned out of the national till fraudulently, Finance Minister Dr Moeketsi Majoro has said.

Read More

DCEO to probe ’Maseribane bribe scam

BONGIWE ZIHLANGU

MASERU -The corruption fighting unit DCEO yesterday confirmed it is looking into reports some top politicians received colossal sums of money from controversial British businessman Arron Banks after promising to swing lucrative mining licences in Lesotho.

Read More

M500 million evades fiscus

BONGIWE ZIHLANGU

MASERU – The cashstrapped government which is mulling approaching the International Monetary Fund (IMF) for relief is missing out on drawing nearly half a billion maloti from the European Union (EU) annually in budgetary support because of a weak financial management system.

Read More

THOUSANDS FACE HUNGER IN RURAL VILLAGES

KANANELO BOLOETSE

MASERU – One out of every eight people in rural Lesotho go to bed hungry and are in urgent need of humanitarian assistance. This is because even in good harvests the country does not produce enough food to meet national needs.

Read More

Stalled reforms ignite blame game

KANANELO BOLOETSE

MASERU-The blame game over stalled reforms went a notch up this week when government and opposition parties traded barbs after Lesotho’s three key international partners – the SADC, the United States and the European Union - delivered stinging broadsides at Basotho politicians over the process.