SREP Investment Plan Lesotho
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The Impact of European Union - South Africa Trade Development and Cooperation Agreement on Botswana, Lesotho, Namibia and Swaziland
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Research Papers in Economics Volume 3, Issue 1, pp. 129-148, June 2010 ISSN-1843-763X THE IMPACT OF EUROPEAN UNION - SOUTH AFRICA TRADE DEVELOPMENT AND COOPERATION AGREEMENT ON BOTSWANA, LESOTHO, NAMIBIA AND SWAZILAND Montseng TSOLO*, Imogen Bonolo MOGOTSI**, Gaotlhobogwe MOTLALENG*** Abstract: This paper examines the impact of the European Union-South Africa Trade Development and Cooperation Agreement (EU-SA TDCA) on trade between the RSA and Botswana, Lesotho, Namibia and Swaziland (BLNS). The results indicate that demand for imports are income elastic and price inelastic. This implies that imported goods are necessary and consumers and producers of the BLNS countries depend on them. The results also indicate that the agreement between the RSA and the EU brought about increased imports to the BLNS countries. Demand for exports is also income elastic and price inelastic. The volume of exports to the RSA, from the BLNS, seems to increase following the agreement. The empirical findings imply first, that imports could have led to a crowding out of domestic production, which would negatively impact on domestic industry. Second, the EU-SA TDCA has benefited the BLNS countries by boosting their exports. Keywords: EU-SA TDCA; Customs Union; SACU; Trade; BNLS; RSA. JEL Classification: F 10; 13; 15; 36 & 42 * Lecturer, Department of Economics, National University of Lesotho ** Senior Lecturer Head of Department, Economics, University of Botswana, Private Bag UB 705, Gaborone, Botswana, email: [email protected] *** Senior Lecturer, Department of Economics, University of Botswana, Private Bag UB 705, Gaborone, Botswana, email: [email protected] 130 Montseng TSOLO , Imogen Bonolo MOGOTSI , Gaotlhobogwe MOTLALENG INTRODUCTION A free trade agreement (FTA) is a preferential arrangement among countries in which tariff rates among them are reduced to zero. -
Lesotho Vulnerability Assessment Committee
2016 Lesotho Government Lesotho VAC Table of Contents List of Tables ................................LESOTHO................................................................ VULNERABILITY.............................................................................. 0 List of Maps ................................................................................................................................................................................ 0 Acknowledgments ................................ASSESSMENT................................................................ COMMITTEE................................................................ ... 3 Key Findings .............................................................................................................................................................................. 4 Executive Summary ................................................................................................................................................................ 5 INTERVENTION MODALITY SELECTION Section 1: Objectives, methodology and limitations ................................................................................................. 7 1.1 Objectives ................................In light ................................of the findings................................ from the LVAC................................ Market Assessment................................ that assessed....... 9 the functionality and performance of Lesotho’s food markets, LVAC proceeded to 1.2 Methodology -
Sources of Economic Growth in the Southern African Development Community: Its Likely Impact on Povery and Employment
SOURCES OF ECONOMIC GROWTH IN THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY: ITS LIKELY IMPACT ON POVERY AND EMPLOYMENT Monaheng Seleteng and Sephooko Motelle Central Bank of Lesotho Abstract As a means to combat poverty, many countries still pursue high and stable rates of economic growth. There are several sources of growth such as physical capital accumulation, human capital development and technological progress. In order to attain sustained economic growth, it is crucial that countries do not only accumulate a certain stock of factors of production, but demonstrate the ability to combine such factors in a manner that is efficient. The Southern African Development Community (SADC) continues to pursue high and stable economic growth as a way of fighting poverty and inequality. This study attempts to investigate the key sources of economic growth in the region using different panel data techniques and make inference on poverty and employment. The findings reveal that the factors affecting economic growth in the region are: inflation, government expenditures, openness to trade, human capital, level of financial development, and political stability. Furthermore, it can be inferred from the analysis that higher growth rate has a positive impact on employment and hence may lead to poverty reduction. Key words: Convergence, Economic Growth, Fixed Effects, Difference GMM, System GMM, Seemingly Unrelated Regressions, Inequality, Unemployment, Poverty JEL Classification: C33, E31, O43, O47, O55, J640. Corresponding author: Central Bank of Lesotho, P. O. Box 1184, Maseru 100, Lesotho; email: [email protected] 1 The views expressed are those of the authors and do not necessarily represent those of the members of the Committee of Central Bank Governors (CCBG) in the Southern African Development Community (SADC). -
Retselisitsoe Cmap Thesis.Pdf (903.3Kb)
The Role of Food Price Inflation in Lesotho Retselisitsoe Isaiah Thamae A dissertation submitted to the Department of Economics and Statistics in partial fulfillment of the requirement for the award of the Master of Arts Degree in Economics (Collaborative Programme) UNIVERSITY OF MAURITIUS DEPARTMENT OF ECONOMICS AND STATISTICS MARCH 2012 Table of Contents List of Tables v List of Figures vi List of Appendices vii Acknowledgements viii Declaration ix Abstract x List of Abbreviations xi 1. Introduction 1 1.1 Background 1 1.2 Statement of the Problem 2 1.3 Research Questions 3 1.4 Research Objectives 3 1.5 Scope and Organization of the Study 3 2. Literature Review 5 2.1 Introduction 5 2.2 Theoretical Literature 5 2.2.1 Measures of Underlying Inflation 6 2.2.2 Properties and Uses of Core Inflation Measures 8 2.2.3 Criticisms of Core Inflation Measures 9 2.3 Empirical Literature 10 2.3.1 Developed Countries 10 2.3.2 Emerging Countries 12 2.3.3 Developing Countries 16 3. Inflation Trends in Lesotho 18 ii 3.1 Introduction 18 3.2 Headline, Food and Nonfood Inflation 18 4. Methodology 23 4.1 Introduction 23 4.2 Model Specification 23 4.2.1 Estimating Inflation Persistence 23 4.2.2 Measuring Core Inflation 25 4.2.3 Determining Second-Round Price Effects 27 4.3 Method of Analysis 28 4.4 Description of Data 28 4.5 Data and Methodological Limitations 29 5. Analysis of Results 30 5.1 Introduction 30 5.2 Inflation Persistence Estimates 30 5.3 Measures of Core Inflation 33 5.3.1 Headline Inflation Less Food and Energy (CoreFE) 33 5.3.2 Persistent Weighted Measure of Core Inflation (CorePW) 34 5.3.3 Persistent and CPI Weighted Measure of Core Inflation (CorePCW) 35 5.3.4 Evaluation of Core Inflation Measures 36 5.3.5 Impact of Food Price Movements on Core Inflation 38 5.4 Second-Round Price Effects 39 6. -
Lesotho 2019 Human Rights Report
LESOTHO 2019 HUMAN RIGHTS REPORT EXECUTIVE SUMMARY Lesotho is a constitutional monarchy with a democratic parliamentary government. Under the constitution the king is head of state but does not actively participate in political activities. The prime minister is head of government and has executive authority. In 2017 former prime minister Pakalitha Mosisili of the Democratic Congress Party lost a vote of no confidence and a snap election. All major parties accepted the outcome, and Motsoahae Thomas Thabane of the All Basotho Convention Party (ABC) formed a coalition government and became prime minister. Mosisili transferred power peacefully to Thabane, and Mathibeli Mokhothu assumed leadership of the opposition. Local and international observers assessed the election as peaceful, credible, and transparent. The security forces consist of the Lesotho Defense Force (LDF), the Lesotho Mounted Police Service (LMPS), the National Security Service (NSS), and the Lesotho Correctional Service (LCS). The LMPS is responsible for internal security. The LDF maintains external security and may support police when the LMPS commissioner requests assistance. The NSS is an intelligence service that provides information on possible threats to internal and external security. The LDF and NSS report to the minister of defense; the LMPS, to the minister of police and public safety; and the LCS, to the minister of justice and correctional service. Civilian authorities generally maintained effective control over the security forces. The Southern African Development Community (SADC) Preventive Mission in Lesotho contingent of troops, deployed to foster stability as the government moved forward with SADC-recommended security-sector reforms, departed the country in November 2018. In May the government did not meet an SADC deadline for completion of constitutional and security reforms. -
Publications, Together with an Anal with Publications, Together Major Challenges in Restoring Health of Economy and Reform
SHORT TERM UPDATE 3-10 Quarterly Newsletter October 2010 Headlines Belgian Economy Special Topic in this issue 3/31 Federaal Planbureau The Europe 2020 strategy Kunstlaan 47-49 B-1000 Brussel België for Belgium Bureau fédéral du Plan Avenue des Arts 47-49 B-1000 Bruxelles Belgique Federal Tel.: +32 2 507.73.11 Fax: +32 2 507.73.73 Planning Bureau E-mail: [email protected] Economic analyses and forecasts http://www.plan.be Printed: Federal Public Service Economy, Responsible publisher: Henri Bogaert - Legal deposit: D/2010/743 S.M.E.s, Self-employed and Energy Quarterly Newsletter of the Federal Planning Bureau Short Term Update (STU) is the quarterly newsletter of the Belgian Federal Planning Bureau. It contains the main conclusions from the publications of the FPB, as well as information on new publications, together with an analysis of the most recent economic indicators. ............................................................................................................................... HEADLINES BELGIAN ECONOMY Since mid-2009, the world economy has been recovering from one of the worst post-war economic cri- ses. As of mid-2010, world economic growth should slow down as stimulus measures are gradually reduced or phased out and stock building becomes less of a support to economic growth. Moreover, western economies now face major challenges in restoring health to public finances. As a result, the international context remains surrounded by major uncertainties, with downside as well as upside risks. During the second half of 2009, the Belgian economy posted positive quarterly growth rates driven by recovering exports and an acceleration of private consumption growth. In 2010Q1, the economic re- covery was, however, interrupted due to a drop in construction activity owing to the cold weather. -
Lesotho Housing Profile.Pdf
HS/078/15E ISBN(Series): 978-92-1-131927-9 ISBN(Volume): 978-92-1-132686-4 UNITED NATIONS HUMAN SETTLEMENTS PROGRAMME P.O.Box 30030,Nairobi 00100,Kenya; Tel: +254-20-7626742; Fax: +254-20-7625015; [email protected] www.unhabitat.org LESOTHO HOUSING PROFILE LESOTHO HOUSING PROFILE Prepared by Graham Tipple in collaboration with the Housing Department of the Ministry of Local Government, Chieftainship and Parliamentary Affairs First published in Nairobi in October 2015 by UN-Habitat. Copyright © United Nations Human Settlements Programme 2015 Produced by the Housing Unit United Nations Human Settlements Programme (UN-Habitat) P. O. Box 30030, 00100 Nairobi GPO KENYA Tel: 254-020-7623120 (Central Office) www.unhabitat.org HS/078/15E ISBN(Series): 978-92-1-131927-9 ISBN(Volume): 978-92-1-132686-4 DISCLAIMER The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers of boundaries. Views expressed in this publication do not necessarily reflect those of the United Nations Human Settlements Programme, the United Nations, or its Member States. Excerpts may be reproduced without authorization, on condition that the source is indicated. ii ACKNOWLEDGMENTS ACKNOWLEDGMENTS Supervisor: Christophe Lalande Task Managers: Gregor Herda and Kamba Ankunda Contributors: Channe Oguzhan, Fernanda Lonardoni, Kamba Ankunda and Gregor Herda Principal Author: Graham Tipple National Profile Team Coordinator: Kabelo Lethunya Design and layout: Andrew Ondoo Financial Support: The participatory Slum Upgrading Program (PSUP), a joint initiative by the European Commission and the African, Caribbean and Pacific (ACP) Secretariat and implemented by UN-Habitat, UNDP and the Government of Lesotho. -
University of Botswana Faculty of Social Sciences Department of Economics Determinants of Tax Revenue Mobilisation in Lesotho By
UNIVERSITY OF BOTSWANA FACULTY OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS DETERMINANTS OF TAX REVENUE MOBILISATION IN LESOTHO BY: REFILOE JABARI A DISSERTATION SUBMITTED TO THE DEPARTMENT OF ECONOMICS IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE DEGREE OF MASTER OF ARTS IN ECONOMICS JULY 2020 APPROVAL This dissertation has been examined and approved as meeting the requirements for the partial fulfillment of the Master of Arts degree in Economics. …………………………… ……………………………… Dr. Kagiso Mangadi Date (Supervisor) ………………………….... ……………………………….. HoD Economics Date ii DECLARATION This dissertation was undertaken from October 2019 to July 2020. It is my original work, and it has never been, in whole or in part, presented for the award of any degree at any other university. This excludes the acknowledged references. Author: Refiloe Jabari Signature: ……………………. Date: …………………………. iii DEDICATION This study is a dedication to my parents, Moshoeshoe Jabari and Makeisara Jabari. I would not have been where I am today without your support. You have been by my side throughout all my academic journey, and I am forever grateful. iv ACKNOWLEDGEMENTS I am sincerely grateful to God Almighty for all His blessings and for giving me the courage and strength to see through this study. I would like to pass my heartfelt gratitude to the African Economic Research Consortium (AERC) for sponsoring my master's degree programme and giving me the financial assistance to carry out this study. My thanks also go to my supervisors Dr. Kagiso Mangadi and Dr. Lexi Setlhare, who availed themselves of assistance and guidance throughout the period of this study. Again, I am thankful to the Staff of the Department of Economics and others that gave me comments and suggestions during the presentation of my proposal. -
Agricultural Marketing in Lesotho
The International Development Research Centre is a public corporation created by the Parliament of Canada in 1970 to support research designed to adapt science and technology to the needs of developing countries. The Centre's activity is concentrated in six sectors: agriculture, food and nutrition sciences; health sciences; information sciences; social sciences; earth and engineering sciences; and com munications. IDRC is financed solely by the Parliament of Canada; its policies, however, are set by an international Board of Governors. The Centre's headquarters are in Ottawa, Canada. Regional offices are located in Africa, Asia, Latin America, and the Middle East. Le Centre de recherches pour le développement international, société publique créée en 1970 par une loi du Parlement canadien, a pour mission d'appuyer des recherches visant à adapter la science et la technologie aux besoins des pays en développement; il concentre son activité dans six secteurs : agriculture, alimenta tion et nutrition; information; santé; sciences sociales; sciences de la terre et du génie et communications. Le CROI est financé entièrement par le Parlement cana dien, mais c'est un Conseil des gouverneurs international qui en détermine l'orien tation et les politiques. Établi à Ottawa (Canada), il a des bureaux régionaux en Afrique, en Asie, en Amérique latine et au Moyen-Orient. El Centro Internacional de Investigaciones para el Desarrollo es una corporaci6n publica creada en 1970 por el Parlamento de Canada con el objeto de apoyar la investigaci6n destinada a adaptar la ciencia y la tecnologia a las necesidades de los paises en desarrollo. Su actividad se concentra en seis sectores: ciencias agri colas, alimentos y nutrici6n; ciencias de la salud; ciencias de la informaci6n; ciencias sociales; ciencias de la tierra e ingenieria; y comunicaciones. -
Findings from the Senegal River Basin, the Columbia River Basin, and the Lesotho Highlands Water Project
Report no. 46456 Africa Region Water Resources Unit Working Paper 1 Benefit Sharing in International Rivers: Public Disclosure Authorized Findings from the Senegal River Basin, the Columbia River Basin, and the Lesotho Highlands Water Project Public Disclosure Authorized November 12, 2008 Public Disclosure Authorized Final Version Winston H. YU The World Bank, Africa Region Sustainable Development Department Public Disclosure Authorized 1 TABLE OF CONTENTS Acronyms Acknowledgments Executive Summary I. Introduction .................................................................................................................. 8 Literature Review........................................................................................................ 10 Methodology and Objective ...................................................................................... 11 II. Senegal River Basin ................................................................................................. 12 A. Introduction ........................................................................................................... 12 B. Project Objectives and Description..................................................................... 15 C. Quantifying Economic Benefits and Costs ........................................................ 17 D. Actual Benefits and Costs .................................................................................... 20 E. An Evolving Senegal River ................................................................................. -
Kenya and Lesotho
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by NORA - Norwegian Open Research Archives Export Processing Zones in Sub-Saharan Africa – Kenya and Lesotho Lene Kristin Vastveit 01.09.2013 Department of Economics University of Bergen Acknowledgements I would like to first thank my family and friends for their encouragement and wonderful support during my time writing this thesis. I also want to acknowledge my supervisor, Rune Jansen Hagen, who has given me guidance and advice, and who has been of great help and support during the year. I am grateful for the amount of time set aside to consult with me and guide me through this process. Lene Kristin Vastveit 29.11.2013 ii Abstract This thesis examines two cases of Export Processing Zone (EPZ) programmes in sub- Saharan Africa (SSA), specifically in Kenya and Lesotho. Using data from the respective countries’ EPZ programme authorities, central banks, relevant studies, and country reports, I show that although the programmes have facilitated employment generation and foreign exchange earnings from textile and apparel exports, such exports rely highly on preferential trade agreements such as the African Growth and Opportunity Act (AGOA). The reliance on preferential market access, and the uncertainty regarding the continuation of such preferences are important sources of vulnerability. This causes fluctuations in investments and also helps explain the low level of backward linkages. This is especially evident in Lesotho. Moreover, such production within the zones is mainly of low productivity and low added value. The vast number of zone programmes that have materialised in the last decades has contributed to reducing the possible net benefit of EPZs, and the increase in competition has made it difficult to attract investors. -
List of Licensed Financial Institutions
LIST OF LICENSED FINANCIAL INSTITUTIONS The Central Bank of Lesotho hereby notifies members of the public that the under-mentioned financial institutions are duly licensed to operate in Lesotho in terms of the Financial Institutions Act of 2012, the Insurance Act of 2014 and Collective Investment Schemes Regulations of 2001. The list includes approved banks, insurance companies, insurance brokers, Micro Finance, Credit Bureau, Foreign Exchange and collective investment schemes. Members of the public who wish to check the list of approved money lenders in Lesotho can call the Central Bank of Lesotho on the following numbers; (+266) 22232039. Members of the public will be kept informed about approved financial institutions on a quarterly basis in order to enable them to avoid investing in un-authorized financial institutions. LIST OF LICENSED COMMERCIAL BANKS AND FOREX AGENCIES NAME OF INSTITUTION NAME OF CHIEF EXECUTIVE OFFICER OR MANAGING DIRECTOR PHYSICAL & POSTAL ADDRESS CONTACTS Standard Lesotho Bank Mr Mpho Vumbukani Head Office, Kingsway Street, P.O. Box 1053, Maseru 100 (+266) 22315737 Nedbank Lesotho Mr Papa Sekyiamah a.i Head Office, Kingsway Street, P.O. Box 1001, Maseru 100 (+266) 22312696 First National Bank Lesotho Mr Bradwin Roper Head Office, Kingsway Street, P.O. Box 11902, Maseru 100 (+266) 22247100 Lesotho Postbank Mr Molefi Leqhaoe Post Office Building, P/B A121, Maseru 100 (+266) 22317842 LIST OF LICENSED INSURANCE COMPANIES NAME OF INSTITUTION PRINCIPAL OFFICER PHYSICAL & POSTAL ADDRESS CONTACT DETAILS Lesotho National Life Assurance Ltd, Life Insurance Mr. Ralitapole J. Letsoela, Managing Director LNGIC House Constitution Road Maseru, Lesotho 100 (+266) 22314144 Alliance Insurance Company Ltd, Life & General Insurance Mr.