News & Events
13/09/2018 - His Majesty King Letsie III of the Kingdom of Lesotho made a commitment to mobilize and engage with African Heads of State and Finance Ministers to rally behind the African Leaders for Nutrition initiative in the upcoming African Union Summit in January 2019.
10/04/2018 - The Southern African Governors of the African Development Bank have described the Bank as the future of Africa’s development, and called on it to lead the way to faster-paced development of the continent.
13/02/2018 - The African Development Bank and the Lesotho Chamber of Commerce and Industry (LCCI) signed a Fund for African Private Sector Assistance (FAPA) grant agreement of US $915,000 to finance the Economic Diversification Support Technical Assistance Project.
The agreement was signed by the Bank’s Deputy Director General for the Southern Africa Regional Development and Business Delivery Office (RDGS), Josephine Ngure, and the Lesotho Chamber of Commerce and Industry Chief Executive Officer, Fako Hakane.
13/02/2018 - The African Development Bank Group and the Kingdom of Lesotho have signed a loan agreement for US $7 million to support the country’s Tax Modernization Project.
The project aims to strengthen the effectiveness of tax administration to create fiscal space by expanding the tax base, modernizing collection and compliance procedures. This project is part of the Bank’s continued support to the Government’s policy priorities as guided by the current National Strategic Development Plan (NSDP).
05/12/2017 - The United Nations Development Programme launched its Income Inequality Trends in Sub-Saharan Africa report on Monday during the African Economic Conference in Addis Ababa, Ethiopia.
11/08/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US$ 695,500 grant to NEO I SPV Pty Ltd., a subsidiary of OnePower Lesotho Pty Ltd., to support the preparation of a bankable business case for the development of the winning project of the 2016 Lesotho 20 MW solar PV tender, foreseen to become the first utility-scale solar PV project in Lesotho.
14/03/2017 - On February 13, 2017, the Global Environment Facility (GEF) Council approved a total of US $ 4 million and US $ 2.6 million, respectively, for Lesotho and Malawi as part of additional financing projects with the African Development Bank (AfDB). The funds are mobilized under the Least Developed Countries Fund (LDCF) of the GEF.
14/02/2017 - The African Water Facility (AWF) and NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) signed on January 31, 2017 in Pretoria, South Africa, a letter of agreement with the Orange Senqu River Basin Commission (ORASECOM) to launch the Climate Resilient Water Resources Investment Strategy and Multipurpose Project Preparation for the Orange-Senqu River Basin, shared by Botswana, Lesotho, Namibia and South Africa. The co-financed project, amounting to about €3.5 million, includes contributions from AWF of about €2 million and $1.2 million from NEPAD-IPPF.
Categories: Botswana, Lesotho, Namibia, South Africa, Human Capital Development, Water Supply & Sanitation, Partnerships, Infrastructure, NEPAD, NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), African Water Facility
29/11/2016 - The African Water Facility (AWF) approved a grant of about €2 million to support a multinational transboundary project to prepare a Climate Resilient Water Resources Investment Strategy and Multipurpose Project for the Orange-Senqu River Basin, serving the population of Botswana, Lesotho, Namibia and South Africa. The main goal of this project is to promote sustainable socio-economic growth in the basin riparian countries through climate resilient water resources development in the framework of basin wide cooperation led by the Orange Senqu River Basin Commission (ORASECOM). The project will foster enhanced sustainable water resources management of the basin, increased investments based on better planning allowing more multipurpose projects to address the livelihood needs of the communities living in rural and urban areas.
04/07/2014 - At the semi-annual Climate Investment Funds (CIF) governing body meetings held June 25-28 in Montego Bay, Jamaica, nine African nations were chosen to receive new funding and operational support from the CIF’s Scaling Up Renewable Energy in Low Income Countries Program (SREP).