Sunday 28 May 2017
(Lesotho Times 05/30/13)
MASERU — Prime Minister Thomas Thabane celebrated his 74th birthday on Tuesday. The birthday party was at Tšenolo FM radio station’s office at DLM Shopping Complex in Maseru. When he arrived at the venue Thabane was met by his estranged wife, Lipolelo Thabane. The two embraced in a passionate kiss. Thabane told about 200 people, most of whom wore his All Basotho Convention (ABC) party regalia, that nothing in his life hurt him like the death of his mother when he was still young. He said he is still mourning the death of his mother. Thabane’s mother, ’Malekhooa, was burnt to ashes when her house caught fire when he was young. “Perhaps I am this cruel because my mother died...
( 05/30/13)
Africa has witnessed remarkable growth over the past decade but must invest heavily in infrastructure to continue on this path, leaders from the continent said. The economies of countries in sub-Saharan Africa grew annually by nearly 5% in the previous 10 years, the African Development Bank said at the five-day meeting being held in the Moroccan city of Marrakesh. But that "may not benefit a wider section of the population... unless there is a marked improvement in infrastructure," it said. Ibrahim Bocar Ba, commissioner for the Economic Community of West African States, said it was a key concern for the regional bloc. "We have five priorities at ECOWAS. The first is peace of course. But infrastructure comes straight after that"...
(Mining Weekly 05/29/13)
JOHANNESBURG (miningweekly.com) – Lesotho-focused Paragon Diamonds continues to advance its flagship Lemphane project, and is currently undertaking an extensive bulk sampling programme with the objective of establishing an inferred resource by the first half of 2014. The Aim-listed company reported on Wednesday that the Lemphane kimberlite, at an early stage in its resource evaluation, had already produced diamonds with individual values over $2 300/ct. In line with the group’s intent to develop and bring the operation into production as soon as possible, it had submitted a mining licence application to the Lesotho government in February. If approved, this would allow the processing of 100 000 t in addition to the 30 000 t of surface bulk currently being processed during...
(The Informativenews 05/28/13)
MASERU- The leader of the Democratic Congress (DC) who is the Member of Parliament for Tsoelike Constituency Dr. Pakalitha Mosisili popularly known as Tau ea thaba says the coalition government’s governance is the rule of jungle not the rule of law.Tau ea thaba is the only Prime Minister who has served the country for 3 consecutive terms in the history of Lesotho politics.Dr. Mosisili said a year has passed now before the coalition government could enact even a single law in the Parliament.“These people break the law day in and day out,” he thundered. Dr. Mosisili said they were astounded by Prime Minister’s Tom Thabane’s act of interfering with the activities of the president of the Court of Appeal Mathealira...
(The Informativenews 05/28/13)
MASERU- The leader of the Popular Front for Democracy (PFD) advocate Lekhetho Rakuoane has been re- elected as the deputy speaker in the National Assembly on Friday last week. The re -election of advocate Rakuoane follows his resignation as the Member of Parliament (MP) on the 17th April this year to be replaced by ‘Mamoshe Limema from the Ketane Constituency. In an exclusive interview with Informative, advocate Rakuoane said he wrote a letter to the National Assembly that he vacates the MP seat to Limema. He said some MPs did not want him to remain as the deputy speaker after his resignation and suggested that by- elections for the position of deputy speaker be held. Delivering his vote of thanks,...
(Afribiz 05/27/13)
The financial sector is governed by the Central Bank of Lesotho Act of 2000 and the Financial Institutions Act of 1999. The sector is still small comprised of four commercial banks, five insurance companies, two collective investment schemes, insurance brokers, and credit and savings cooperatives. Given the small number of commercial banks, competition in the sector is limited and the technology being used is not sophisticated. The sector is still affected by various constraints which have limited the extent of service provision over space and time. These include poor communications infrastructure, in particular, internet access and bandwidth (Lesotho ranked 140 out of 142 economies by GCI). Additionally, the 2011 GCI identifies access to finance among the most problematic factors for...
(Mail & Guardian 05/27/13)
Judges find that banning daughters from inheriting positions is not a discriminatory practice. In a case brought by Senate Masupha, the first-born female child of a chief, Lesotho's ­Constitutional Court has reiterated that daughters cannot succeed their fathers to become chiefs. The court said last week that not allowing daughters to inherit the role, based on Lesotho's customary law, was not discrimination and therefore not unconstitutional. "It is our view that the applicant cannot be said to be discriminated against on the basis of her sex, but even if that were the case, it does not violate the constitutional provision to the extent that Section 10 of the Chieftainship Act may be declared unconstitutional," said the panel of three Lesotho...
(Reuters (Eng) 05/27/13)
JOHANNESBURG/MOGADISHU (Reuters) - A website created for Africa's proposed continental defence force proclaims a lofty mission "to support and keep peace for Africa's prosperity and a better life for all in the world". But click on current operations on the African Standby Force site ( www.africa-union.org/root/au/auc/departments/psc/AMISCE/AMISCE . htm) and the response is a dispiriting "page cannot be found". The force dreamed of half a century ago by the founding fathers of independent Africa still exists only on paper, casting a shadow over the back-slapping at this weekend's African Union (AU) summit, which is marking 50 years since the foundation of its precursor, the Organisation of African Unity (OAU). Instead of a muscular rapid-response force to halt genocide, protect civilians in...
( 05/27/13)
With the European leagues over and FIFA World Cup qualifiers beckoning, there will be little resting time for the Black Stars’ foreign-based players who begin non-residential camping today in Accra in preparation for an onslaught against the Sudan and Lesotho in two crucial away World Cup qualifiers. Last Friday, Coach Kwasi Appiah named his 25-man squad for the two crucial away ties early next month with virtually a full house expected at training this afternoon at the Accra Stadium. With the exception of SuperSport United’s Edwin Gyimah, Espanyol’s Mubarak Wakaso and Harrison Afful of Esperance who have sought permission to arrive late due to club commitment all the other foreign-based players are in town and poised to prepare for the...
(The Associated Press 05/25/13)
Dozens of African leaders met in the Ethiopian capital Saturday to mark 50 years since the founding of the African Union, a continentwide organization that helped liberate Africa from colonial masters and which now is trying to stay relevant on a continent regularly troubled by conflict. Opening the summit that was attended by U.S. Secretary of State John Kerry and other foreign dignitaries, Ethiopian Prime Minister Hailemariam Desalegn said the AU's original pan-Africanist aspirations remain relevant for a continent where many states are still struggling to overcome rampant poverty and violence. "This historic day marks not only a great leap forward in the Pan-Africanist quest for freedom, independence and unity but also the beginning of our collective endeavor for the...
(Mail & Guardian 05/24/13)
Judges find that banning daughters from inheriting positions is not a discriminatory practice. In a case brought by Senate Masupha, the first-born female child of a chief, Lesotho's ­Constitutional Court has reiterated that daughters cannot succeed their fathers to become chiefs. The court said last week that not allowing daughters to inherit the role, based on Lesotho's customary law, was not discrimination and therefore not unconstitutional. "It is our view that the applicant cannot be said to be discriminated against on the basis of her sex, but even if that were the case, it does not violate the constitutional provision to the extent that Section 10 of the Chieftainship Act may be declared unconstitutional," said the panel of three Lesotho...
(Irish Examiner 05/23/13)
WHEN asked about the Munster jersey he is wearing, Ntate Linne Mankoe laughs and says, “I was born in the wrong country, I should have been born in Ireland.” Above us, the ferocious Lesotho sun traces a slow path across a clear afternoon sky. Mankoe is an unlikely Munster fan. Soft-spoken with short black hair, he lives in Maputsoe, near the border with South Africa. Until a few years ago Mankoe was eking out a meagre existence as a farmer — now he is the general manager of Action Lesotho, an Irish NGO. “Since I started working with the Irish I have realised that they are hard workers. I like that,” he says. “Whatever they say, they do.” Action Lesotho...
(The Informativenews 05/22/13)
MASERU- The leader of White Horse party, Mohau Thakaso says his party supports the Prime Minister (PM) Tom Thabane in his efforts to intervene in the judicial system of Lesotho which saw the President of the Court of Appeal Mathealira Ramodibedi and the former Chief Justice Mahapela Lehohla battling for seniority.At a media briefing held on Tuesday last week, Thakaso said the nation had looked desperately at the Prime Minister to help the judicial system to run smoothly.He said the uproar between the duo has hobbled the operations of the courts of law in the Mountain Kingdom making the entire nation to despair and question the authenticity of the judiciary in the country. Thakaso said there are people who have...
(Public Eye 05/22/13)
MASERU – Katleho James Thelingoane, 49—an employee of a Maqhaka-based firm—on Monday this week told the High Court how miserable he felt when his company was looted and burnt down during political riots that rocked the country 15 years ago. Thelingoane was testifying in a case in which his firm, Cee Bee Industries (Pty) Ltd and UB Technical Services, is suing government for M11.6 million as compensation for the destruction. The company’s lawyers are arguing it was the state’s responsibility to prevent the annihilation through its various security agencies, hence the unprecedented lawsuit. The 1998 riots, which erupted soon after the Lesotho Congress for Democracy (LCD) retained power, saw several Maseru, Mafeteng and Berea companies being looted and burnt down...
(Public Eye 05/22/13)
MASERU- A senior Standard Lesotho Bank officials says the growing trend of “irresponsible lending” among local financial institutions has become cause for concern. Mr Mike Edgcumbe, the bank’s Head: Personal and Business Banking, insists some financial organisations are not taking into account the debtor’s repayment ability when approving loans. “We would like to highlight a very worrying trend that is starting to occur in Lesotho. We have observed a trend of reckless lending practices by some industry players which do not take into account the ability of the public to repay their loans, and still have enough to support their daily living. This kind of lending is not in the interest of clients, and creates a cycle of indebtedness. “We...
(Stock Market Wire 05/21/13)
Fitch Ratings has revised Lesotho's outlook to stable from negative. Fitch has simultaneously affirmed the country's long-term foreign currency issuer default rating at 'BB-', long-term local currency IDR at 'BB' and short-term foreign currency IDR at 'B'. Fitch has also affirmed Lesotho's country ceiling at 'A-'. Fitch says the revision of Lesotho's reflects the following key rating factors: 1. On-going improvements in public finance management which will support budget consolidation and lessen dependence on South African Customs Union (SACU) receipts. Reforms with the assistance of the IMF (Extended Credit Facility started in 2010) have led to improved tax compliance and increase in non-SACU tax revenue (at 23.5% of GDP in fiscal year 2012-13 (FY12-13) from 20.5% in FY09-10). Although the...
(Sunday Independent 05/20/13)
President Jacob Zuma has agreed to reinstate a deal with Maseru in which South Africa will finance a hydroelectric plant in Lesotho to boost electricity supplies to both countries. South Africa will finance a new dam in Lesotho to drive the plant and also lift South Africa’s water supply in a R12 billion addition to the Lesotho Highlands Water Project. The plant will generate power of between 1 000 megawatts and 1 200MW. Zuma’s decision to fund the new hydroelectric power station followed an impassioned appeal by Lesotho Prime Minister Thomas Thabane, whom he met in South Africa last week. Thabane confirmed the new deal with Zuma at a media briefing on Friday. South Africa and Lesotho originally signed a...
(Bloomberg 05/18/13)
Lesotho reached an accord with South Africa to proceed with the 12 billion rand ($1.3 billion) second phase of a hydropower project that will supply power and water, according to Lesotho Prime Minister Thomas Thabane. The two sides agreed May 13 to expand the Lesotho Highlands Water Project in the kingdom, which is bordered by South Africa on all sides, Thabane told reporters in the capital of Maseru. South Africa will construct the Polihali dam and connecting tunnels, while Lesotho will build other structures feeding the current Katse dam, South African Water and Environmental Affairs Minister Edna Molewa told Business Day. Tenders will be issued in late 2013 or early 2014, with completion scheduled for August 2020, Molewa said. The...
(Lesotho Times 05/17/13)
MASERU — Two senior Lesotho Congress for Democracy (LCD) officials who are part of a taskforce set up to investigate squabbles within the party were sent packing when they visited Mekaling constituency in Mohale’s Hoek last Tuesday. LCD deputy secretary general, Tšeliso Mokhosi, and proportional representation MP, Pashu Mochesane, were blocked from visiting Mekaling constituency after a harsh exchange with the constituency committee. What happened in Mekaling constituency is probably the most vivid illustration of the fresh crisis gripping the former ruling party which is the second biggest partner in the coalition government led by Prime Minister Thomas Thabane. It also suggests the LCD is going through fresh turbulence 15 months after the party suffered a damaging split. Former party...
(Lesotho Times 05/17/13)
MASERU –— Court of Appeal President Justice Michael Ramodibedi was yesterday granted an interim order blocking the government from seizing his official cars. Acting Chief Justice Tšeliso Monaphathi said Justice Ramodibedi had shown that he had a right to his two official cars. Justice Ramodibedi approached the Constitutional Court seeking relief after the government moved to seize his two official vehicles. The government issued the directive after Justice Ramodibedi refused to step down as President of the Court of Appeal last month. Prime Minister Thomas Thabane had asked him to resign saying there was a perception that he had contributed to the “mess” in the judiciary. “This threat against the applicant (Ramodibedi) should be interdicted,” Justice Monaphathi said. “There was...

Pages