Lesotho: Textile Jobs Bloodbath Looms

• as AGOA renewal remains uncertain
• 420 to lose jobs in January

TEXTILE factories are warning of mass job losses as uncertainty deepens over the renewal of the African Growth and Opportunity Act (AGOA).

One of Lesotho’s largest textile producers, Hippo Knitting, has written to the Ministry of Trade, Industry and Business Development notifying the government that the delay in AGOA’s renewal has rendered its products uncompetitive in the US market, leading to a sharp and sustained decline in…