{"id":15585,"date":"2022-06-06T09:41:08","date_gmt":"2022-06-06T09:41:08","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes"},"modified":"2022-06-06T10:00:50","modified_gmt":"2022-06-06T10:00:50","slug":"m50m-relief-fund-for-msmes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes","title":{"rendered":"M50m relief fund for MSMEs"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The government of Lesotho has approved a M50 million relief fund for Medium, Small and Micro Enterprises (MSMEs) to help them against the economic blow imposed by<\/p>\n

the coronavirus (Covid19) pandemic. This was revealed by the Minister of Small businesses Development, Cooperatives and Marketing Hon. Keketso Sello at the MSME day celebration on Friday.<\/p>\n

MSMEs in the country have created 76,000 jobs mainly employing the youth, thus validating the fund as it is meant to help sustain these small businesses.<\/p>\n

Presenting on MSMEs and Covid-19: Challenges and lessons learnt, BAM Group of Companies Chief Executive officer (CEO) Mamashiya Nt\u0161epeng T\u0161ita Tikiso highlighted that Covid-19 has adversely affected women, saying<\/p>\n

some factories -as that is part of one of the sectors that employs more women, have completely shut down making it even harder for the families to earn<\/p>\n

a living. Beyond this, the rationed salaries they receive are also \u2018not enough. \u2019 Tikiso exemplified women engaged in the transporting of children to schools, who were left<\/p>\n

frustrated when schools shut down due to Covid-19. She continued that, \u201cwomen have experienced retrenchments from their jobs, and those who imported from South<\/p>\n

Africa (SA) with the aim of selling them in Lesotho have been heavily affected since border movement restrictions were imposed. \u201d Basotho Enterprise Development Cooperation (BEDCO) Executive Head of Enterprise Development<\/p>\n

Pesha Shale agrees that MSMEs hold the key growth and sustainability of Lesotho\u2019s economy. Due to Covid-19 a lot businesses have shut down and owners are not able re-establish them as some have used their capital and stock during<\/p>\n

the lockdown that closed all businesses with the exception of those offering essentials. Shale added that MSMEs owners need to learn from Covid-19, the<\/p>\n

importance of saving and planning for the future so that when similar conditions arise they are able to stay afloat. The disbursements of funds is expected to start as early as this month (July).<\/p>\n

As a way of upgrading MSMEs Lesotho Post Bank (LPB) Head of Business department Khauhelo Ramokongoana said they have awarded M100, 000 to Khathang Tema Bait\u0161okoli,<\/p>\n

an association for informal businesses to help them build resilience during and after Covid-19 pandemic. He also urged small businesses to have multiple<\/p>\n

streams that generate revenue in their businesses so that when pandemics such as Covid-19 hit their businesses they are able to get back into businesses.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The government of Lesotho has approved a M50 million relief fund for Medium, Small and Micro Enterprises (MSMEs) to help them against the economic blow imposed by the coronavirus (Covid19) pandemic. This was revealed by the Minister of Small businesses Development, Cooperatives and Marketing Hon. Keketso Sello at the MSME day celebration […]<\/p>\n","protected":false},"author":84,"featured_media":15584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,415,245],"class_list":["post-15585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-economic","tag-lesotho"],"yoast_head":"\nM50m relief fund for MSMEs - Lesotho<\/title>\n<meta name=\"description\" content=\"The government of Lesotho has approved a M50 million relief fund for Medium, Small and Micro Enterprises (MSMEs) to help ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M50m relief fund for MSMEs\" \/>\n<meta property=\"og:description\" content=\"The government of Lesotho has approved a M50 million relief fund for Medium, Small and Micro Enterprises (MSMEs) to help ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-06T09:41:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-06T10:00:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/06\/postQueueImg_30-629dd03ab6095.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"M50m relief fund for MSMEs\",\"datePublished\":\"2022-06-06T09:41:08+00:00\",\"dateModified\":\"2022-06-06T10:00:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes\"},\"wordCount\":409,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/06\/postQueueImg_30-629dd03ab6095.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"economic\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/m50m-relief-fund-for-msmes\",\"name\":\"M50m relief fund for MSMEs - 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