Lesotho’s $6.2B Deal Raises Questions | Johannesburg News

Lesotho is eyeing a $6.2 billion deal with Convalt Energy to build a hydropower plant and AI data center — with the government claiming zero financial risk. But clouds loom: the project involves local firms, one of which has a shareholder who’s also Public Works Minister Matjato Moteane — a man already under scrutiny for past conflicts of interest. While Moteane promises to recuse himself ahead of cabinet review, Convalt’s track record includes a failed New York solar project and unresolved fraud allegations. The government remains silent on its own stake or selection process, saying details will follow a feasibility study. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.dailymaverick.co.za/article/2026-09-15-lesothos-biggest-foreign-investment-deal-under-scrutiny-over-ministers-stake-in-potential-partner/ More coverage & latest updates:https://sources.thednn.ai/9cb009e6ce9406a9 Report issues to [email protected].