…introduces first self-designed academic programme
Moroke Sekoboto
THE Centre for Accounting Studies (CAS) has launched its first self-designed academic programme, the Bachelor of Arts in Financial Services (BAFS), as part of its ongoing commitment to innovation and excellence in financial education.
The institution also unveiled its five-year strategic plan titled, The Power of Education in Building Lesotho’s Economy.
Speaking at the launch of the BAFS programme and the unveiling of the CAS Strategic Plan 2025–2030 in Maseru on Friday, CAS Rector, Neo Phakoana-Foulo, expressed pride and optimism as she presented the institution’s new roadmap – a visionary plan intended to propel CAS into a future defined by opportunity, innovation, and academic distinction.
Ms Phakoana-Foulo said over the next five years, CAS will focus on fostering academic rigour, strengthening industry partnerships, enhancing technological integration, and cultivating a vibrant learning community grounded in ethical and responsible practices.
“This strategic plan embodies our collective aspirations, values, and commitment to nurturing future leaders who will make a meaningful impact in the world of finance and beyond,” Ms Phakoana-Foulo said.
She said the plan’s key focus areas include: Customer-centric operational services; Diversification of academic programmes; Pursuit of excellence in teaching and learning; Improved physical and digital infrastructure; and Cultivation of a culture of ethical leadership and good governance.
“The plan aims to attract, grow, and retain a talented, skilled, and motivated workforce committed to high performance and collaboration.”
Ms Phakoana-Foulo also underscored the importance of establishing and maintaining effective partnerships with national, regional, and international organisations, alongside mobilising and managing resources for financial sustainability.
“All these strategic priorities are aligned with Lesotho’s National Strategic Development Plan (NSDP II) which emphasises inclusive and sustainable growth, human capital development, infrastructure enhancement, and improved governance and accountability.”
Turning to the newly launched BAFS programme, she described it as a concrete demonstration of CAS’s alignment with government goals and a deliberate effort to support national development.
“By offering this specialised programme, we aim to equip students with the knowledge, practical skills, and ethical foundation necessary to thrive in the dynamic world of finance.
“We are confident that this programme will foster innovation, professionalism, and responsible financial practices, contributing meaningfully to both the financial industry and society.”
CAS Council Chairperson, Mabakubung Pitso, described the unveiling of the BAFS programme and strategic plan as a pivotal milestone on the institution’s path to innovation, growth, and excellence.
“As CAS Council and Management, we are poised to reach new heights and serve our stakeholders with renewed commitment,” she said. “Let us remain steadfast in pursuing the strategic goals outlined today, and look forward to a future filled with success and impact.”
Minister of Gender, Youth and Social Development, Pitso Lesaoana, said the theme of the strategic plan underscores education’s role as not just a route to employment but also a powerful engine for sustainable development, poverty reduction, and resilience.
He said the initiatives were well aligned with the NSDP II which identifies human capital development as a key pillar for inclusive growth and job creation.
“The BAFS programme is a product not only of NSDP II but also of CAS’s mission to develop innovative, competitive, and ethical business leaders through a commitment to excellence in teaching and learning,” Mr Lesaoana said.
He also said both the BAFS programme and the CAS Strategic Plan 2025–2030 respond directly to the evolving challenges facing Lesotho’s economy, such as unemployment, low financial literacy, and limited access to financial systems.
“Education empowers individuals, strengthens institutions, and paves the way for economic diversification and long-term stability.”