Lesotho Monarch Dissolves Parliament, Calls Election
(Bloomberg) -- Lesotho's monarch, King Letsie III, dissolved the kingdom's parliament and called for elections, according to Deputy Prime Minister Mothejoa Metsing who commented on state-owned Radio Lesotho.
The king will announce the date for elections within 4 days, Metsing said.
Opposition parties won a motion of no confidence in the government on March 1, forcing Prime Minister Pakalitha Mosisili to either advise the king to dissolve parliament and call for elections, or resign and allow lawmakers to choose a replacement.
Mosisili came to power in March 2015, after cobbling together an alliance of seven parties that won 65 seats in the 120-seat Parliament. The coalition was dogged by infighting and the resignation of several cabinet ministers.
Mosisili's predecessor, Motsoahae Thabane, the leader of the All Basotho Convention, exploited the divisions and announced in November last year that he had struck a deal with other opposition parties to topple the government.
Lesotho has a population of about 1.9 million and a $1.8 billion economy, International Monetary Fund data show. The kingdom, which supplies water and labor to neighboring South Africa and exports textiles and mohair, has a history of political instability and coup attempts.
To contact the reporter on this story: Gordon Bell in Johannesburg at gbell16@bloomberg.net.
To contact the editors responsible for this story: Alastair Reed at areed12@bloomberg.net, Hilton Shone
With assistance from Mathabiso Ralengau
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
