Insuretech startup Outmarket raised $34.5 million in funding to expand its AI-powered platform that automates administrative paperwork for insurance agencies and brokers. The company completed the funding round months after a previous investment, indicating investor confidence in its automation technology.
Source: TechCrunch
Metropolitan Lesotho hosted a pre-retirement seminar at the Convention Centre warning Basotho approaching retirement against making costly financial mistakes with their pension payouts. The insurance giant and pension administrator highlighted five major retirement pitfalls including treating lump sums as wealth, carrying excessive debt into retirement, and failing to plan
Mark Harrison, the newly appointed head coach of Lijabatho FC, has set ambitious targets including winning the Lesotho Premier League title and guiding the club to the CAF Champions League group stages, a feat no Lesotho team has achieved. Harrison has made an impressive start with two consecutive victories and
The Royal Palace construction project in Maseru, initiated in 2011 with an expected 18-month timeline, remains unfinished over 15 years later with costs escalating from M136.7 million to M461 million. The government has allocated an additional M50 million to resume construction, but an Auditor-General's audit
Johane Garments, a textile factory owned by Mosotho entrepreneur Tšepo Johane, has transitioned from a small and medium-sized enterprise into a fully-fledged industrial operation now known as Johane Industrials after overcoming debt and compliance challenges. The milestone was celebrated by government officials who highlighted the factory's