Lesotho Approves US$6.2 Billion Kobong Hydropower and AI Data Centre Project

Lesotho has approved the Kobong Project, a M100 billion (US$6.2 billion) hydropower and artificial intelligence data centre development backed by U.S.-based Convalt, marking what the government describes as the largest foreign investment in the country’s history. The project was officially launched during a ceremony hosted by the U.S. Embassy in Maseru on July 31, attended by senior government officials, diplomats and business leaders.