Revenue Services Lesotho and Bankers Association Sign Historic Cooperation Agreement

On September 8, 2025, Revenue Services Lesotho (RSL) and the Bankers Association of Lesotho (BAL) signed a landmark Memorandum of Cooperation (MOC), marking a significant step in strengthening collaboration between two key sectors of Lesotho’s economy. The agreement was signed by RSL Commissioner General, Mrs. Mathabo Mokoko, and BAL Chairman and Nedbank Lesotho Managing Director, Mr. Nkau Matete.

The MOC aims to deepen institutional cooperation between RSL and the banking sector. It sets out to address regulatory and operational developments affecting both sectors, while promoting joint initiatives in digital transformation, cybersecurity, data sharing, and economic resilience.

A key focus of the agreement is improving tax compliance and transparency through interventions within the financial system. The MOC also supports broader national, regional, and international financial integration and reform efforts, positioning Lesotho’s financial sector for sustainable growth.

The signing ceremony was attended by representatives of BAL member banks, including Mr. Mokhachane Mopeli, Managing Director of Lesotho Post Bank; Ms. Delekazi Mokebe, CEO of First National Bank Lesotho; and Mr. Samuel Seboka, CEO of Standard Lesotho Bank. RSL’s executive team also accompanied Commissioner General Mokoko.

This partnership underscores a shared commitment to enhancing the efficiency, transparency, and resilience of Lesotho’s financial and tax systems. Both organizations highlighted the MOC as a strategic step in fostering innovation, strengthening compliance, and supporting economic development across the country.