Chinese Business Tycoon Behind Lesotho Govt Takeover Scheme?
Lesotho-based Chinese business tycoon Yan Xie has revealed during an interview that he has donated money to "almost every party in the country" but dismissed allegations of state capture, saying this "was not even his intention". Yan Xie's statements come after analyst Nkareng Letsie said that government corruption has enabled the Chinese to capture Lesotho's economy "by bribing their way up".
Daily Maverick, 1 November 2018
Lesotho-based Chinese business tycoon Yan Xie has lifted the lid on his extensive generosity to Lesotho's political elite, saying that he helped fund Prime Minister Thomas… Read more »
Composite image of the flags of China and Lesotho.
Lesotho: Basotho Urged to Learn Chinese
Lesotho Times, 31 August 2018
THE Chinese Ambassador to Lesotho Sun Xianghua has encouraged more Basotho to learn Mandarin to ensure that they complement the China-Lesotho relations which have reached an… Read more »
Lesotho Times, 22 June 2018
LESOTHO needs to re-examine its relations with China in view of persistent reports concerning Chinese companies who have virtually taken over every facet of the economy, grabbing… Read more »
Lesotho Times, 16 June 2018
LOCAL contractors have ganged up to fight what they describe as the "glaring bias" which has seen major government construction tenders being awarded to Chinese companies. Read more »
Mohau Seoela of the Central Bank of Lesotho has said that while adoption of the Yaun would ensure "smooth trade" with China, it would not supplant the South African Rand for use in ... Read more »