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Location of Lesotho. Lesotho is an enclaved, landlocked country in southern Africa surrounded by South Africa. Previously known as Basutoland, Lesotho declared independence from the United Kingdom on 4 October 1966. It is a member of the United Nations, the Commonwealth of Nations and the Southern African Development Community (SADC).
The nation was granted full autonomy on April 30, 1965. On October 4, 1966, Basutoland was granted independence, governed by a constitutional monarchy with a bicameral parliament. At the same time the name of the country was changed to The Kingdom of Lesotho. The United States immediately recognized Lesotho after the nation gained its independence.
The economy of Lesotho is based on tourism, manufacturing, mining, and agriculture, and depends heavily on remittances from its diaspora. [ 4][ 5] Lesotho, a lower middle income country, is geographically surrounded by South Africa and is economically integrated with it as well. A significant portion of the population subsists on farming with a ...
HOUSTON--(BUSINESS WIRE)-- Stewart Global Solutions, a wholly owned subsidiary of Stewart Information Services Corporation (NYSE: STC), was commissioned to design a Formula Valuation System (FVS ...
Lesotho–South Africa relations refers to the current and historical bilateral relations of South Africa and Lesotho. Lesotho, which is surrounded by South Africa, depends on South Africa for most of its economic affairs, and its foreign policy is often aligned with that of Pretoria. [ 1] Both are member states of the Commonwealth of Nations ...
Vodacom Lesotho started operating in 1996 with the Government of Lesotho as a shareholder through its stake in Lesotho Telecommunications Corporation. When the Government of Lesotho began its privatisation process in 1999, it invited bids for this share in Vodacom Lesotho. In July 2000, Sekha-Metsi Consortium, a group of local business people ...
List of banks in Lesotho. This is a list of commercial banks in Lesotho [1] Standard Bank. Nedbank. First National Bank. Lesotho Post Bank.
The Lesotho Highlands Water Project ( LHWP) is an ongoing water supply project with a hydropower component, developed in partnership between the governments of Lesotho and South Africa. It comprises a system of several large dams and tunnels throughout Lesotho and delivers water to the Vaal River System in South Africa.