Lesotho new latest oil press products 2024

Press Releases Petroleum Fund

  • Lesotho new latest oil press products 2024
  • Lesotho new latest oil press products 2024
  • Lesotho new latest oil press products 2024
  • Lesotho new latest oil press products 2024

Kingdom of Lesotho: 2024 Article IV Consultation—Press

Lesotho Economic Outlook 2024 2026

Oil exploration takes off The Reporter Lesotho Fresh

Oil prices up following strong demand data, supply concerns

  • What is the economic outlook for Lesotho in 2023?
  • The domestic economy is estimated to have expanded by a revised 1.4 per cent in 2023, from 1.1 per cent in 2022. The projected growth is driven by services sector and construction industry. The estimate for 2023 is 0.4 percentage points lower than projected in December 2023 Lesotho Economic Outlook (LEO).
  • What is the Basotho Petroleum Fund?
  • The Fund is committed to embarking on petroleum investments that will, not only ensure that there is the security of supply of petroleum products in Lesotho, but that investment opportunities are created for Basotho within the petroleum sector, including overall economic stimulation and job creation in the country.
  • Does Lesotho have a strong economy?
  • Lesotho’s economy is on a modest growth path, powered by the ongoing major pro-jects. Without these projects, underlying growth is muted, especially in the context of slower global growth. The domestic economy is estimated to have picked up to 1.4 per cent growth in 2023, from 1.1 per cent in 2022.
  • How will LHWP II impact the services industry in 2024?
  • In 2024, growth is expected to tick up to 3.0 per cent in 2025 then slow down to 2.0 per cent in 2026. This growth is expected to be driven by LHWP II and its associated knock-on effects on services. Further boost is expected to come from interven-tions within the MCC II project, especially within the services industry.

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