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Marketplace All-in-One

A mountain kingdom sounds the alarm on jobs

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 10 July 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

From the BBC World Service: Lesotho has declared a national state of disaster that will last for two years. The government says soaring youth unemployment and job losses have pushed the small, mountainous country into crisis, and it's bracing for things to get worse with U.S. tariffs and aid cuts announced by President Donald Trump. Plus, a growing number of countries are stepping in with new laws to make sure cash payments don't disappear.

Transcript

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0:00.0

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0:53.7

It's about keeping

0:54.4

everything secure. A mountain kingdom sounds the alarm on jobs. Hello, this is the Marketplace

1:02.1

Morning Report and we're live from the BBC World Service. I'm Leanna Byrne. So we're starting in

1:07.4

Southern Africa this morning where Lesotho has declared a national state of disaster that will last for two years.

1:14.3

The government says, soaring youth unemployment, job losses have pushed the small mountainous country into crisis, and it's bracing for things to get worse, with US tariffs and aid cuts announced by President Trump expected to hit the economy hard.

1:27.4

Officials say emergency powers will help redirect funding quickly.

1:31.2

It's making moves like scrapping registration fees for small businesses.

1:35.0

Earlier, Lesotho's trade minister, Mokete Shalile, spoke to the BBC.

1:38.5

We have had a lot of many years of neglect in terms of generating

1:46.0

jobs especially for the youth.

1:48.4

At the moment

1:50.0

we have a youth unemployment that is

1:52.2

higher than the national average.

1:54.1

So there are a particular

1:55.4

segment of society that needs

...

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