MASERU, Feb. 26 -- The Minister of Finance and Development Planning, Dr Retselisitsoe Matlanyane has announced the allocation of M400 million to a new inclusive growth fund aimed at spurring growth.
This transpired during the 2025/2026 budget estimates which she tabled before the joint sitting of the parliament last week.
For this year, the budget policy was presented under the theme 'Building Strategies for Inclusive Growth'.
She reported that among the 760,230 young Basotho aged 15 to 35, approximately 145,087 were unemployed, representing 39% of youth actively seeking jobs.
The Minister further highlighted that young women faced a higher unemployment rate at 40.8% compared to 37.1% for young men.
Also, Dr Matlanyane noted that 226,8...