Business & Economy

ETL enhances Loretto Health Centre services

Econet Telecom Lesotho donated medical equipment worth M400,000 to Loretto Health Centre's maternity ward, including delivery beds, ultrasound scanners, and vital signs monitors, to improve maternal healthcare services. The donation was facilitated through ETL's partnership with Sasai Econet Financial Services and Higherlife Foundation, and ETL also announced a working agreement with St Joseph Hospital in Rome to support Basotho medical students.

Source: Lesotho Times

Govt forced to cut diamond royalties

The Lesotho government has reduced diamond royalties payable by Letšeng Diamonds Mine from 10 percent to between 3 percent and 6 percent, citing the impact of Middle East conflict on fuel prices and global diamond market decline. Letšeng is now the only operational diamond mine in Lesotho, with three other

Boloetse’s battle to kill Tenth Amendment widens

Activist Kananelo Boloetse's constitutional challenge to Lesotho's Tenth Amendment has widened as the Constitutional Court invites civil society organisations to participate in the legal battle, with proceedings postponed to March 2027. The case centres on whether Parliament unlawfully amended the Constitution without holding a referendum, with

Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang

Nvidia's board is reportedly preparing to vote on potentially removing founder and CEO Jensen Huang after 33 years with the company. The company's stock has declined amid reports of the board's deliberation. Source: TechCrunch

Sigh of relief for Naledi

Naledi Funeral Planners founder Thabiso Madiba has regained full control of the company following a High Court judgment on 5 November 2026, ending a 10-month boardroom dispute with former board chairperson Malefetsane Tlelima. The ruling allows Madiba's faction to access approximately M75 million in company funds that

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Govt forced to cut diamond royalties

Boloetse’s battle to kill Tenth Amendment widens

Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang

Sigh of relief for Naledi