Business

Afri-Sam gives building teachers a boost

KIMBERLY — Building teachers from the Lerotholi Polytechnic have been invited to take part in cement making lessons offered by Afri-Sam Lesotho as the company moves to introduce the course at the college. Afri-Sam Lesotho’s country manager, Thato Tšuene, said the company wants to transfer the skills on how cement is made to Basotho. Tšuene [...]

22 May 2013 | 0 comments

MCC boss commends Lesotho

MASERU — The Millennium Challenge Corporation (MCC) boss, Daniel Yohannes, has commended the government of Lesotho for putting to good use the US$363 million (approximately M2.9 billion) donated by the United States government. The Lesotho government was among 16 other African states that qualified for the MCC funds as a reward for upholding democracy and [...]

15 May 2013 | 0 comments

Maluti Premium Lager wins top prize

By Puseletso Lephatsa   MASERU — Lesotho’s premier beer, Maluti Premium Lager, has been awarded first prize in the category of lagers under five percent alcohol volume at the Africa Beer Awards held in Ghana. The Maluti Premium Lager producer, Maluti Mountain Brewery, welcomed the trophy awarded to the beer in March. A function to [...]

9 May 2013 | 2 comments

Central banks call for efficient monetary policies

MASERU — The Association of African Central Banks (AACB) yesterday said African countries must formulate and implement efficient monetary policies to encourage people to save money. The banks, which a three-day seminar that ended in Maseru yesterday, identified 12 obstacles that made people refrain from saving. The obstacles include low disposable incomes and high dependency [...]

9 May 2013 | 0 comments

Standard Bank launches exciting savings product

MASERU — Standard Bank Lesotho last Wednesday launched a new product dubbed Optimum Save that offers clients a superior investment on their savings. The new product, that does not restrict clients to a fixed contribution on a monthly basis, also has competitive interest rates. The clients decide how much they want to save and for [...]

1 May 2013 | 1 comment

new incubation plan to boost enterprenuers

MASERU — A three day stakeholders’ workshop has drawn up a “business incubation” plan to help budding Lesotho entrepreneurs to deal with the challenges of running businesses. The workshop, led by the Department of Science and Technology and other stakeholders from tertiary and business institutions, was aimed at coming up with efficient models that can [...]

17 Apr 2013 | 3 comments

Metropolitan Lesotho opens VIP service office

MASERU — Insurance company Metropolitan Lesotho on Tuesday officially opened a ‘VIP Service office’ at Maseru Mall. Metropolitan Lesotho managing director, Nkau Matete, said clients who don’t want to queue when they need services can set an appointment to get services from their newly introduced VIP service office. “Clients who don’t want to queue can [...]

17 Apr 2013 | 0 comments

Standard Bank wins 11 finance awards

MASERU – Standard Bank Group, Africa’s largest bank by assets, has won 11 awards at the 2013 EMEA Finance Achievements Awards. The bank has also been named the best merger and acquisition house, best securitisation house and best syndicated loan house in Africa. In a statement to the media the bank said this is the [...]

17 Apr 2013 | 0 comments

revenue authority surpasses targets

By Limpho Sello   MASERU — The Lesotho Revenue Authority collected M3.99 billion in taxes from April last year to March this year, which is M33.7 million more than the target set by the government. LRA Commissioner General Thabo Letjama said in the 2012/13 fiscal year the government had set a combined annual revenue target [...]

10 Apr 2013 | 1 comment

‘Market Lesotho’s unique potential’

MASERU — The ambassador of the Tokyo International Conference on African Development, Makoto Ito, says Lesotho must set up unique industries to promote business and lure foreign investors. Speaking to the Lesotho Times on Tuesday during his one day visit to Lesotho where he met with Prime Minister Thomas Thabane, Ito told this paper that [...]

13 Mar 2013 | 0 comments
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