News Bureau

June 18, 2022

Mining companies of Lesotho suspended market trade!

Parliament of the Kingdom of Lesotho amended the Lesotho Revenue Authority (LRA) Amendment Bill in the process of ‘Building a Resilient, Sustainable and Innovative Economy: Fiscal Consolidation amid Covid -1.

Thabo Sophonea, Minister of Finance, Major economic transformation is expected in 2024-2025, if we protect all the pipeline investments through peace and stability and meeting all the agreed prior actions, including gender reforms, fighting human trafficking, implement public financial management reforms and fight corruption.

“We need to implement prioritized NRA reforms agenda in line with available fiscal space and ensure youth participation and inclusion of all disadvantaged groups in policy development and programming, improve public sector productivity, as well as deeper decentralization” said Thabo Sophonea.

This Lesotho Revenue Authority (LRA) Amendment Bill along with the sectoral issues and allocations, halted many mining activities on the stock market! Lucapa like diamond mining companies that shied away and closed the suspended market trade till further instruction.


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