Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
No Result
View All Result

High unemployment rate, US tariffs force Lesotho into “state of disaster”

Stephen Oluwafemi

July 9, 2025
in Africa-Wide
0
High unemployment rate, US tariffs force Lesotho into “state of disaster”
Share on FacebookShare on TwitterShare on Whatsapp

A national state of disaster has been declared in Lesotho, South Africa, due to the extremely high rate of youth unemployment. According to official figures, unemployment in the country stands at 30% but youth unemployment in the country stands at 50%.

Deputy Prime Minister Nthomeng Majara stated that the national state of disaster will remain in effect until 30 June 2027. The declaration allows the country to take all necessary measures to minimise the effects of disasters, among others.

According to an AFP report, Lesotho, battling youth unemployment, was hit with higher tariffs by the U.S president in April. It also suffered from the termination of U.S. Agency for International Development programs previously active in countries around the world.

The country is reportedly one of the biggest beneficiaries of the United States’ African Growth and Opportunity Act. AGOA facilitates trade access to some countries to promote the economic development of these countries.

Read also: South Africa judge halts Lungu’s burial amid Zambia dispute

Lesotho warned that it may lose up to 40,000 jobs if AGOA is not renewed at the end of September. According to the country’s trade minister, U.S. buyers were not placing orders because they were uncertain about what might happen.

In 2024, the U.S. and Lesotho traded goods, particularly textiles and clothing worth $240 million, mostly exported from Lesotho.

However, that ceased when Trump imposed a 10% tax on Lesotho, along with other nations, earlier this year. According to Trump, the tariff announcement is to reduce his country’s trade deficit with the rest of the world.

Lesotho is among the countries that benefited from the U.S emergency plan for Aids relief, which was launched in 2003.

 

 

 

Related Posts

Japan dedicates new city to Nigerians, promises seamless visa processing for vibrant youths
Africa-Wide

Japan dedicates new city to Nigerians, promises seamless visa processing for vibrant youths

Japan government has set up a city called the city of Kisarazu as the hometown or Nigerians willing to...

by Editor
August 25, 2025
South Africa’s Malema calls for one Africa, unified leadership
Africa-Wide

South Africa’s Malema calls for one Africa, unified leadership

The President of South Africa’s Economic Freedom Fighters, Julius Malema, has called on African leaders to dismantle colonial boundaries...

by Rasheed Aladejana
August 25, 2025
From Ondo SSCE star to U.S. Law Professor: The inspiring journey of Tolulope Falokun
Africa-Wide

From Ondo SSCE star to U.S. Law Professor: The inspiring journey of Tolulope Falokun

In 2011, a 17-year-old girl from Ondo State gained national attention when she emerged as the overall best student...

by Rasheed Aladejana
August 25, 2025
Badenoch decries racist abuse since becoming first black Tory Leader
Africa-Wide

Badenoch decries racist abuse since becoming first black Tory Leader

Kemi Badenoch has said she is shocked by the level of racist abuse she has faced since becoming the...

by Rasheed Aladejana
August 24, 2025
Next Post
Iyabo Ojo’s daughter breaks silence after office fire, alleges threats behind attack

Iyabo Ojo’s daughter breaks silence after office fire, alleges threats behind attack

Afrocover news

The Afrocover team is a group of media enthusiasts that are committed to illuminate information fairness and objective media coverage across Africa. We also cover the depth of African Politics, History, Culture, Entertainment, and the Economy as the case may be.

© 2025 Afrocover – All right reserved

Subscribe To Our Newsletter

Loading
Facebook Twitter
No Result
View All Result
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.