Convalt reported that the U.S. Embassy in Maseru hosted a celebration on 30 July 2026 following approval of the company’s memorandum of agreement for the Kobong project.
A shared development ambition
The announcement described a proposed $6.2 billion investment in hydropower and AI data-center infrastructure. Attendees included Lesotho’s energy and technology ministers, other government representatives, diplomats and business leaders.
Commercial diplomacy and opportunity
Convalt credited the embassy with facilitating introductions to key government decision-makers. The release emphasized potential local employment, skills development and long-term infrastructure benefits, alongside ambitions to strengthen electricity supply and develop Lesotho’s digital economy.