Lesotho

20-Feb-2019

African Development Bank and partners unite in major push against malnutrition −‘the silent killer’

Did you know that every $1 invested in nutrition generates as much as $138 in better health and increased productivity? The evidence is clear: improving nutrition boosts personal health as well as economic health. Africa has 20 of the 24 countries with stunting rates of over 40%. This includes Antonio, a little boy from Madagascar, whose story amplifies the urgency of action. The African Development Bank financed a major irrigation project for rice and its President, Akinwumi Adesina, had visited. Excitedly, several kids from the village rushed to where the delegation was, curious to...
11-Feb-2019

African Union Summit: African Development Bank President Adesina holds bilateral meetings with H.M. King of Lesotho and President of Madagascar

African Development Bank President Akinwumi Adesina, held several high-level bilateral meetings on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union. Adesina met with His Excellency Andrei Rajoelina, President of Madagascar and His Majesty Letsie III, King of Lesotho. With President Andrei Rajoelina of Madagascar, discussions focused on issues relating to energy, infrastructure, job creation, agriculture and the Bank’s support to the country’s drive to  accelerate development. Adesina commended President Rajoelina for his recent election and...
05-Feb-2019

EOI – Lesotho - Development of Lesotho tourism quality star grading manual

The Government of the Kingdom of Lesotho has received financing from the African Development Fund towards implementation of the Economic Diversification Support Project; and intends to apply part of the agreed amount for this loan to payments under the contract for the development of Lesotho tourism quality star grading manual
01-Feb-2019

EOI - Lesotho - Services for Renewable Energy Grid Integration Study

The Government of Lesotho has received a grant from the African Development Fund (ADF) towards the cost of the Renewable Energy Grid Integration Study, and intends to apply part of the grant proceeds to payments under the contract for Consultancy Services for Renewable Energy Grid Integration Study. The objective of the study is to assess the impacts on the transmission and distribution networks of the Lesotho Electricity Company (LEC) of variable renewable energy generation (VREG) and to establish the level of absorption, both quantitatively and in relative terms of such intermittent...
01-Feb-2019

EOI – Lesotho - Development of Export / Origin Consortia - Economic Diversification Support Project

The Government of the Kingdom of Lesotho has received financing from the African Development Bank towards implementation of the Economic Diversification Support Project and intends to apply part of the agreed amount for this loan to payments under the contract for consultancy services for Development of Export / Origin Consortia in Lesotho. The overall objective of this consultancy assignment is to assist MSMEs to develop and implement export and/or origin consortia in two pilot sectors that will be selected in order to enhance their capacities and capabilities for export development and...
23-jan-2019

EOI - Lesotho - Development of the Lesotho tourism digital marketing campaign and destination management system (website) and market research survey in the five key international source markets

The Government of the Kingdom of Lesotho has received financing from the African Development Bank towards implementation of the Economic Diversification Support Project and intends to apply part of the agreed amount for this grant to payments under the contract for consultancy services to develop the Lesotho Tourism Digital Marketing Campaign and Destination Management System (website) and undertake market research survey in the five key international source markets(South Africa, Netherlands, Germany, United Kingdom and United States).
15-jan-2019

GPN – Lesotho - Renewable Energy Grid Integration Study - SREP

The Government of the Kingdom of Lesotho has received a grant under the Sustainable Renewable Energy Program (SREP) from the African Development Bank to finance a Renewable Energy Grid Integration/Absorption Study.
02-jan-2019

EOI - Lesotho - Organisation Capacity Assessment of Key Public Finance Institutions and Develop a Five-year Action Plan for PFM Reforms - 2019-2023

The Government of the Kingdom of Lesotho has received financing from the African Development Fund toward the cost of the Institutional Support for the Enhancement of Public Financial Management Project (ISEP), and intends to apply part of the agreed amount for this grant to payments under the contract for Organisation Capacity Assessment of Key Public Finance Institutions and Develop a Five-year Action Plan for PFM Reforms in Lesotho (2019- 2023)
13-sep-2018

Lesotho’s King Letsie III reaffirms African Leaders for Nutrition Champion role

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. The announcement follows a joint visit of African Development Bank Director of Human Capital, Youth and Skills Development, Oley Dibba-Wadda and African Union Commission Head of Health Nutrition and Population, Department of Social Affairs, Margaret Agama-Anyetei to the Kingdom of Lesotho.  “Our joint efforts with the African...
10-avr-2018

La Banque africaine de développement est cruciale pour le développement économique de l’Afrique, déclarent les gouverneurs de l’institution pour l’Afrique australe

Les gouverneurs de la Banque africaine de développement représentant les pays d’Afrique australe ont affirmé que l’institution représente l’avenir du développement du continent, l’appelant même à assumer le rôle de chef de file de sa transformation accélérée. Les gouverneurs — principalement des ministres des Finances et des ministres de la Planification économique venus de l’Angola, du Lesotho, de Madagascar, du Malawi, du Mozambique, de la Namibie, de São Tomé-et-Príncipe, de l’Afrique du Sud, du Swaziland, de la Zambie et du Zimbabwe — ont fait part de leurs réflexions au président de...
12-mar-2018

Perspectives économiques en Afrique australe 2018

Le rapport sur les perspectives économiques pour la région de l’Afrique australe a été rédigé avec prudence. L’activité économique générale devrait connaître une lente reprise, mais les perspectives restent modestes, compte tenu des modèles de croissance divergents des économies de la région. Les pays à revenu intermédiaire de la tranche supérieure ont enregistré des taux de croissance faibles et en baisse. Dans le même temps, les économies en transition à faible revenu ont enregistré des gains de croissance modérés, mais à des taux réduits. Malgré cette amélioration, la performance...
13-Feb-2018

African Development Bank enables Public Private Dialogue in Lesotho

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. The objective of the project is to improve the institutional capacities and...
13-Feb-2018

African Development Bank supports tax modernization project in Lesotho

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). The project, which is aligned to the objectives and priorities of Bank’s Country Strategy for Lesotho...
12-déc-2017

Lesotho - Projet de modernisation du système fiscal (LTMP) - Rapport d’évaluation

La principale source des recettes du Lesotho pour le financement des dépenses publiques est la SACU, mais elle est exposée à des risques liés à la volatilité du marché des produits de base et à la fluctuation des transferts. D’après le rapport sur les consultations au titre de l’Article IV de juin 2015, les recettes du Lesotho provenant de la SACU devraient baisser d’environ 12 points de pourcentage du PIB entre 2014/2015 et 2017/2018, la grande partie de cette diminution étant censée s’étendre sur une longue durée. Après un recul de 3,5 points de pourcentage du PIB en 2015/2016 (à un peu...
05-déc-2017

Launch of UNDP study on Income Inequality Trends in Sub-Saharan Africa

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. Income Inequality Trends in sub-Saharan Africa: Divergence, Determinants, and Consequences explores and analyzes country trends and provides policy guidance that can help Sub-Saharan Africa reduce income inequality. The study underlines the absence of economic diversification, high concentration of means of production, and limited distributive capacity of the state as the key drivers...
11-aoû-2017

SEFA to support first utility-scale solar PV Project in Lesotho

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. The power will feed into the national grid in Mafeteng Province. The Project will contribute to a strategic phase-out of costly power imports from Mozambique and to reducing reliance on...
19-juin-2017

Working Paper 271 - Facteurs déterminants des IDE en Afrique

Utilisant un panel de 52 pays africains et trois spécifications du modèle de gravité (le modèle standard ; le modèle augmenté de l’indicateur de gouvernance et du développement des infrastructures ; et le modèle augmenté de l’effet de proximité culturelle et du désenclavement du pays hôte), l’étude a mis en évidence plusieurs faits stylisés sur l’IDE. Premièrement, l’amélioration de la gouvernance et la qualité des infrastructures boostent de façon significative les flux d’IDE en direction de l’Afrique. Deuxièmement, l’effet de la qualité de la gouvernance semble être dominant, en particulier...
19-juin-2017

Working Paper 272 - Price effects of borders between Lesotho and South Africa

Despite efforts to increase integration within Africa, product markets remain segmented between countries. This paper examines the magnitude of price gaps, known as the border-effect, between Lesotho and South Africa using retail price data for 49 products in 35 cities over the period 2006–2009. Using a production–consumption pair approach, we estimate that crossing the border between South Africa and Lesotho is associated with an absolute product price gap that widened from 18 percent in 2006 to 29 percent in 2009. The structure of relative prices also differs markedly, revealing a lack of...
14-mar-2017

AfDB and GEF Support Climate Change Adaptation for Sustainable Water Supply in Malawi and Lesotho

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.  The two water supply and sanitation projects which will be implemented in Malawi and Lesotho, will contribute towards addressing constraints in the African Water and Sanitation Sector, more specifically constraints related to exploding peri-...
14-Feb-2017

The AWF and NEPAD-IPPF Foster Climate Resilient Water Resources Development in Southern Africa

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. The main...