Thabo Khasipe is expected to assume the chief executive role at the Lesotho National Development Corporation this week, inheriting a state-owned investment agency weakened by allegations of corruption and political interference.
People familiar with internal briefings say the LNDC has long served as a patronage channel for figures linked to the ruling Revolution for Prosperity party, including its disgraced chairperson, Teboho Kobeli.
Khasipe joins the development agency after concluding his term as Executive Secretary of the Southern African Customs Union (SACU) on 31 October 2025. In a statement, SACU praised his leadership for “significant progress in strengthening regional integration, trade facilitation, and institutional effectiveness.” The organisation thanked him for his “dedication, visionary leadership, and invaluable contribution to the organisation’s growth,” and wished him continued success in his future endeavours.
According to officials close to Prime Minister Sam Matekane’s inner circle, Khasipe’s immediate task will be to restructure LNDC and pursue legislative changes that would make the agency report directly to the prime minister’s office. The envisioned structure mirrors the Rwanda Development Board, whose head sits in Cabinet.
Whether Khasipe can shield LNDC from political rent-seeking and restore its credibility will be an early test of his reform credentials—and of Matekane’s will to deliver on his anti-corruption promises.
