Lesotho secures record $6.2B investment for hydropower and AI data centre project

The Kingdom of Lesotho has secured its largest foreign direct investment (FDI) in national history, signing a landmark $6.2 billion (M100 billion) agreement for the Kobong Project. Backed by New York-based renewable energy developer Convalt Energy , the dual-infrastructure initiative will pair large-scale renewable power generation with a high-performance artificial intelligence (AI) data centre, transitioning the landlocked nation from a net electricity importer into a green energy and digital