Africa-Press – Lesotho. The Prime Minister, Mr. Samuel Ntsokoane Matekane officially launched the Entrepreneurship Hub and Seed Financing Facility at the event held in Maseru on Thursday.
Speaking during the launch, Mr. Matekane Sid the government has taken this bold step towards supporting entrepreneurship to ensure broadened economic activity in Lesotho. He said Lesotho cannot be left behind, as nations increase their competitiveness and claim their stake in the fourth Industrial Revolution.
He said with this initiative, they hope to produce entrepreneurs and companies that will have a global footprint, adding that entrepreneurs should utilise opportunities provided by globalisation and the government will help them through this journey.
He added that the Entrepreneurship Hub will therefore steer the economy towards private sector-led economic growth which has been a dream since Lesotho returned to democracy in 1993.
The Prime Minister said they believe that in the next 5 years, they will have local businesses that will be exporting goods and services to all corners of the world.
Moreover, he said the road to the future begins here, noting that the government will continue to support initiatives aimed at creating new industries and supporting entrepreneurship, as these are the key deliverables of the National Strategic Development Plan.
He urged the entrepreneurship ecosystem in Lesotho to work together for the betterment of Lesotho, stressing that the silo mentality should be a thing of the past.
He said they have wasted a lot of time fighting instead of harnessing the energy to build a sustainable economy, saying Start-ups, Enterprise Support Organisations, Government Ministries and Agencies, Development Partners, Academia, Diaspora, Corporates and all other stakeholders this initiative is yours, let us ensure that it serves its intended purpose.
In conclusion, he said a journey of building the capacity of 15 Entrepreneurship Support Organisations (ESOs) and incubating 500 start-ups begins here, and meaningful Diaspora Engagement, as well as sustainable economic development, begins here.
For More News And Analysis About Lesotho Follow Africa-Press
