Connect with us

Africa

Lesotho: textile industry hangs in the balance following new U.S. tariffs

Published

on


If you’ve ever purchased jeans from well-known American brands such as Levi’s or Wrangler, it’s likely that they were produced in Lesotho, a small nation in southern Africa.

The textile industry is vital to Lesotho’s economy, providing jobs for approximately 12,000 individuals and sending around 75% of its products to the United States.

However, this situation may change following the 50% tariff imposed by U.S. President Donald Trump on imports from Lesotho.

Trump claims that Lesotho imposes a 99% tariff on American goods, a figure that the Lesotho government disputes, stating they are unaware of how the U.S. arrived at that number.

Officials did not disclose the actual tariffs on U.S. products during a recent announcement.

As a result, workers are anxious about potential job losses, fearing that rising export costs will deter American consumers.

Small business owner Palesa Makae cautioned that many businesses could shut down, stating, “If that happens, some of the women and men who work in those factories will be out of work.”

According to the Office of the U.S. Trade Representative, bilateral trade between the U.S. and Lesotho reached $240.1 million in 2024.

In addition to clothing, Lesotho also exports diamonds and various other products.

The World Bank classifies Lesotho as a lower-middle-income country, with nearly half of its 2.3 million residents living below the poverty line and a quarter facing unemployment.

Lesotho’s Trade Minister Mokhethi Shelile announced that the country will seek new markets and leverage the Africa Continental Free Trade Area to boost exports to more favorable destinations within Africa. “We are not going to die. We will diversify and explore other markets,” he affirmed.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Africa

Gabon launches electoral process for September 27 local and legislative elections

Published

on


The electoral process for Gabon’s local and legislative elections is officially underway.

The timetable for the September 27 vote has been announced and members of the national election commission have been sworn in by the Constitutional Court.

The revision of electoral rolls across the country begins on July 14 and continues until August 12. This will ensure new voters are added and deceased or ineligible voters removed from the rolls. It will also register any changes of voting centre and update personal data.

People aged 18 and over with a Personal Identification Number (PIN) are automatically registered and need only choose their polling center.

Local electoral commissions will be set up by July 26 and deployed across the country and abroad.

Nominations for the legislative and local elections are open from July 27 to August 7.

Fifth Republic

The Ministry of the Interior and national election commission reaffirmed their commitment to ensuring “credible, transparent and peaceful” elections, and called on citizens to play an active part in building the Fifth Republic.

Last week, two years after seizing power in a coup, President Brice Oligui Nguema unveiled a new political party, the Democratic Union of Builders, or UDB. Oligui secured nearly 95 percent of the vote in April’s presidential election.

The launch of the UDB appears to signal Oligui’s intent to transition from military leader to long-term political figure. While he initially presented himself as a reformer leading a transitional government, the creation of a political party gives structure to his leadership and a platform for future governance.



Source link

Continue Reading

Africa

Forty years and counting: CAR once again postpones local elections

Published

on


Scheduled to take place for the first time in almost forty years, local and municipal elections in the Central African Republic have been once again postponed. 

Initially planned for the end of August, officials say the vote will now be held in December, in conjunction with the legislative and presidential elections. 

President Touadéra, who has been in office since 2016, launched a biometric voter registration exercise last year to update the electoral roll.

Authorities say the postponement is due to a delay in mobilizing funds as well as technical and organizational hiccups. 

Members of the opposition BRDC are calling for an overhaul of the electoral authority and a dialogue with President Touadéra.

CAR has been battling conflict since 2013 when predominantly Muslim rebels seized power and forced the then-president from office. The United Nations has said the elections represent a ”crucial opportunity” to strengthen democratic governance, promote reconciliation and consolidate stability.

The landlocked country is one of the poorest in the world, despite having significant natural resources, including uranium, oil, gold and diamonds. 



Source link

Continue Reading

Africa

France and New Caledonia reach a deal granting territory more autonomy but no independence

Published

on


After 10 days of negotiations, including a final overnight marathon, France has reached an agreement with New Caledonia. The deal grants the South Pacific territory more autonomy — but stops short of the independence sought by many indigenous Kanaks. 

President Macron hailed the deal as historic but it still needs final approval in New Caledonia. If passed, it would create a state of Caledonia within the French Republic incscribed in the French constitution and a Caledonian nationality alongside French nationality.  

The talks stemmed from deadly rioting last year prompted by proposed changes to electoral rules that pro-independence groups said would marginalize Indigenous voters.

The territory has held three referenda on the question of independence, with voters each time opting to remain with France.

A special congress will be held to finalize next steps. Media reports say they could include more sovereignty for New Caledonia over international affairs, security and justice. 

The accord could also eventually allow New Caledonians to change the territory’s name, flag and hymn.

Negotiators stressed the importance of rehabilitating and diversifying New Caledonia’s indebted economy, which depends heavily on nickel mining, and making it less reliant on the French mainland.

France colonized the Pacific archipelago in the 1850s, and it became an overseas territory after World War II, with French citizenship granted to all Kanaks in 1957.



Source link

Continue Reading

Trending