Now accessible to millions of PayPal consumers and merchants, PayPal USD helps provide stable purchasing power and enable lower-cost global commerce.  SAN JOSE, Calif. – May 20, 2026 – PayPal today announced it is making PayPal USD (PYUSD) available in 70 markets worldwide in the PayPal account. This dollar-backed stablecoin enables users to send funds globally, with faster settlement and lower cost than traditional payment methods. As global commerce becomes increasingly digital, individuals and businesses are looking for faster and more seamless ways to transact across borders. Stablecoins like PYUSD help power an inclusive, fast, lower-cost, global commerce system. “Consumers and businesses around the world are looking for faster, more seamless ways to transact globally and the current system still charges too much, takes too long, and settles on timelines that were designed for a different era,” said May Zabaneh, Senior Vice President and General Manager of Crypto, PayPal....

…says the money was part of the M6 billion flagged in 2021 report Moroke Sekoboto MINISTER of Finance and Development Planning, Dr Retšelisitoe Matlanyane, has clarified that the government had not squandered the M3 billion flagged by Auditor General Mathabo Makenete in the 2023/24 audit report. Instead, Dr Matlanyane said the M3 billion was the remaining balance from the M6.1 billion which was unaccounted for by the previous regime as reflected by the 2020/21 audit report. Ms Makenete’s Report on the Government of Lesotho’s Consolidated Financial Statements for the year ended 31 March 2024 was tabled before Parliament yesterday by Minister of Law and Justice, Richard Ramoeletsi, on behalf of Dr Matlanyane who was absent. It stated that M3.09 billion had not been accounted for in the 2023/24 fiscal year. Dr Matlanyane told media on Friday that the current government had worked tirelessly to trace the money and had managed to locate the...

  THE horrifying murder of two innocent toddlers in Tšakholo, Mafeteng, has deeply shaken the nation. The allegations are almost too gruesome to comprehend: a 26-year-old man entrusted with the care of the children allegedly killed them, mutilated their bodies, braaied parts of their flesh and consumed them. No society can hear such details and remain untouched. The pain and outrage are universal. Yet amid the anger and calls for justice, one unavoidable question arises: what state of mind leads a human being to commit such an unspeakable act? While the law must take its course and justice must prevail, it is equally important that the suspect, Katleho Mpharoane, undergoes a comprehensive mental evaluation. This is not an attempt to excuse or minimise the alleged crimes. Rather, it is an acknowledgement that such behaviour falls far outside the boundaries of normal human conduct. No person in their right mind would...

  …in Denimagic forfeiture battle Moorosi Tsiane THE Court of Appeal has effectively confirmed what the Directorate on Corruption and Economic Offences (DCEO) has long alleged — that former textile executive Madhav Vasant Dalvi and his associates used his company, Denimagic (Pty) Ltd, as part of a scheme to siphon funds and property from Presitex and related companies. In a strongly worded judgment delivered recently, the Court of Appeal dismissed Denimagic’s attempt to overturn the forfeiture of a Masowe 1 property and M176 707 cash seized by the DCEO during investigations into an alleged M700 million fraud and money laundering scandal. The court ruled that the evidence overwhelmingly showed that the property and cash were proceeds of unlawful activities linked to fraud and money laundering. The court confirmed the High Court’s ruling that “the Dalvi family used Denimagic as a conduit through which they laundered Presitex’s funds and stole its property”. Dalvi, who...

…as Kamoli’s guards are convicted of Tang’s murder Moorosi Tsiane CHIEF Justice Sakoane Sakoane has delivered a scathing judgment condemning the Lesotho Defence Force (LDF)’s conduct during one of the Kingdom’s most turbulent periods of 2014/15, describing former army commander Lieutenant General Tlali Kamoli’s controversial “red alert” order as an unlawful licence to kill civilians and police officers. In a strongly-worded ruling convicting two of Kamoli’s former bodyguards over the fatal shooting of Lisebo Tang, Justice Sakoane accused the former military command of subverting the Constitution, weaponising soldiers against civilians and elevating unlawful verbal commands above the rule of law. A “red alert” is the highest level of warning indicating an immediate and severe threat to safety or operations. Kamoli is accused of creating or “weaponising” the red alert notice issued in 2014 as a subversive tool authorising special forces to shoot suspicious vehicles and shield rogue soldiers from arrest by police. “The...

…as he resigns from Polihali job Moorosi Tsiane A male nurse stationed at the Polihali Dam construction site is under police investigation after a 32-year-old woman accused him of allegedly drugging and raping her while she was unconscious following a night out in Malingoaneng, Mokhotlong. The woman, ’Masebatli Thato Ranone, said she has no recollection of how she ended up at the suspect’s house on the night of 17 May 2026 and only woke up the following morning half-dressed, injured and lying next to the naked man she later learnt worked for SUN JV. The nurse was employed by the joint venture of Sinohydro, Unik Civil Engineering and Nthane Brothers (SUN JV). SUN JV has been contracted by the Lesotho Highlands Development Authority as one of the companies building the Polihali Dam. Police have since confirmed that a rape case was opened at Tlokoeng Police Station and investigations are ongoing....

…as some ministries fail to record even a cent in asset registers Moroke Sekoboto A damning report by Auditor-General, Mathabo Makenete, has exposed widespread financial mismanagement across government ministries, with more than M884 million worth of public assets either not recorded or lacking proper documentation during the 2023/2024 financial year. The findings are contained in the Auditor-General’s Report on the Government of Lesotho’s Consolidated Financial Statements for the year ended 31 March 2024, which was tabled before Parliament yesterday by Minister of Law and Justice, Richard Ramoeletsi, on behalf of Finance and Development Planning Minister, Dr Retšelisitsoe Matlanyane. According to the report, several ministries and spending units failed to maintain proper Fixed Asset Registers (FAR), raising fears that government property could easily be lost, stolen, or misappropriated without detection. Ms Makenete states that four major spending units purchased assets worth M96.03 million during the 2023/2024 financial year, but only M2.07 million worth of those...

…as Auditor-General issues adverse opinion …over massive discrepancies, weak controls and conflicting financial records Mohloai Mpesi AUDITOR-General, Mathabo Makenete, has issued a damning adverse audit opinion against the government after uncovering unexplained discrepancies amounting to more than M3 billion in its Consolidated Financial Statements (CFS) for the financial year ended 31 March 2024. The report paints a troubling picture of weak financial controls, inconsistent reporting, unexplained cash movements, ballooning liabilities and persistent failures in public financial management. The latest scathing findings –  in the latest audit report of the “Auditor-General on the Consolidated Financial Statements of the Government of Lesotho for the year ended 31 March 2024”  come barely two months after Ms Makenete raised alarm over another unexplained M3.5 billion discrepancy in the previous audit cycle (2022/23), suggesting that the government had failed to address longstanding weaknesses in treasury management and reconciliation systems. In the latest adverse opinion, Ms Makenete said the government’s financial statements could not be relied...

…as South Africa’s appeal court blocks enforcement of massive arbitration award —protecting the Kingdom’s assets from seizure Moorosi Tsiane LESOTHO has secured a major legal and financial victory after South Africa’s Supreme Court of Appeal (SCA) blocked the enforcement of a staggering €50 million (about M1 billion) arbitration award obtained by German company Frazer Solar GmbH (FSG), shielding the mountain kingdom’s assets from international seizure. However, while the SCA rescinded the enforcement order that allowed FSG to pursue the Kingdom of Lesotho (KOL)’s assets, the court stopped short of overturning the arbitration award itself, ruling that the government had challenged it too late under international arbitration rules. The judgment, delivered on 22 May 2026, effectively means Lesotho has won a critical battle to protect its assets from immediate attachment, but the underlying arbitration award technically still exists. In a detailed ruling, the SCA overturned an earlier decision of the Gauteng Division of the...

…as CBS, DNS capacitate stakeholders through high-level technology workshop Moroke Sekoboto IN a significant step towards accelerating digital transformation in Lesotho, DNS Technologies Ltd, in collaboration with Computer Business Solutions (CBS), recently hosted a three-day executive technology workshop in Maseru focusing on Artificial Intelligence (AI), cloud computing, cybersecurity, backup disaster recovery and managed services. The workshop brought together decision-makers, IT leaders and professionals from leading institutions in the education, healthcare, construction, manufacturing, communications and the government sectors. The initiative aimed to provide practical insights into how modern technologies are reshaping operational resilience, digital security and business innovation across Africa. The event was supported by international technology partners including Palo Alto Networks, Softlabs Group, BelCloud and Keepit, each contributing expertise in cybersecurity, artificial intelligence, cloud infrastructure and SaaS data protection. Speaking during the workshop, DNS Technologies official responsible for Africa business expansion, Jack Bismohun, said the event focused on real-world challenges...