AGP Executive Report
Last update: 3 hours agoSACU Summit Focus: Southern African Customs Union leaders wrapped up their 9th Summit in Cape Town, with President Cyril Ramaphosa telling members that no country can prosper alone amid shifting trade, new technology and disrupted supply chains, while Lesotho’s Prime Minister Samuel Matekane attended alongside other heads of state to push a “re-imagined” SACU agenda and reforms. Lesotho–South Africa Tensions: Lesotho’s foreign affairs minister Limpho Tau said South Africa has a moral obligation to help lift Lesotho out of poverty linked to land dispossession, migrant labour and apartheid-era raids, and also sought assurances for Basotho safety ahead of a June 30 protest march. Border Rules and Trader Pressure: Lesotho raised concerns with South Africa over new vehicle declaration requirements for Basotho motorists, as Revenue Services Lesotho urged traders to comply with customs declarations to protect SACU revenue, highlighting its Authorised Economic Operator programme. Financial Fraud Warning: The Central Bank of Lesotho warned the public against fraudulent investment schemes and unlicensed entities falsely claiming CBL authorisation, naming several platforms to avoid. Regional Appointments: Afreximbank appointed Peter Adeshola Olowononi as Southern Africa Director of Regional Operations, effective May 1, as the bank pushes intra-African trade and local-currency settlement systems. Community and Skills: CAFI and the Central Bank of Lesotho trained media practitioners on investment and financial reporting, while Lesotho Post Bank promoted tractor financing to farmers in Berea. Safety and Justice: In South Africa, three Lesotho nationals appeared in court over the Jumpers informal settlement mass shooting that killed 13 and injured 14, with the case postponed for address verification.
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