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Is Lesotho’s economy really growing? Its factories say otherwise

Large machinery operating inside a factory. Photo by Mehmet Turgut Kirkgoz @ Pexels
Large machinery operating inside a factory. Photo by Mehmet Turgut Kirkgoz @ Pexels

Eric Kasongo

Senior Journalist and Strategic Researcher specializing in political economy, mining, energy, and financial markets across Central and Southern Africa, with a strong focus on data-driven analysis and regional investment.
  • Lesotho’s economy expanded 2.82% as finance and business services surged
  • Manufacturing contracted 2.3%, exposing risks to exports, jobs and investment

 

MASERU, LESOTHO – Lesotho’s economy grew 2.82% in the first quarter, but a retreat in manufacturing is raising questions about the durability of its services-led expansion.

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