{"id":3395,"date":"2021-09-20T11:51:59","date_gmt":"2021-09-20T11:51:59","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-economic-labs-closing-not-the-end"},"modified":"2021-09-20T12:56:31","modified_gmt":"2021-09-20T12:56:31","slug":"lesotho-economic-labs-closing-not-the-end","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-economic-labs-closing-not-the-end","title":{"rendered":"\u2018Lesotho Economic Labs closing not the end\u2019"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/lesotho\">Lesotho<\/a>. <\/strong><\/span>Minister of Development Planning Hon. Tlohelang Aumane says the end of Lesotho economic laboratories is the beginning of a new phase in Lesotho\u2019s economic<\/p>\n<p>acceleration. He said the momentum harnessed by the labs will be carried onto implementation, and a robust monitoring and evaluation framework will be in place to sustain<\/p>\n<p>the progress and achieve the set targets. Early last month, the Right Honorable Prime Minister Dr Motsoahae Thomas Thabane officially launched the Lesotho Economic Laboratories, an initiative which is<\/p>\n<p>expected to create more than 22 000 new jobs through private sector investments in various sectors. The four productive sectors that the government has committed to support from the initiative are commercial<\/p>\n<p>agriculture, diversified manufacturing, tourism and creative industry; and technology and innovation as per the National Strategic Development Plan (NSDPII).<\/p>\n<p>\u201cImmediately after the labs, we shall proceed to Step 3 of the Big Fast Results (BFR)<\/p>\n<p>methodology known as the Open Day. This is a platform where finalized outcomes from the economic labs will be showcased to the wider public for knowledge and<\/p>\n<p>feedback,\u201d he said. Speaking at the closing of the labs on Thursday, Aumane indicated that in preparation for implementation, a dedicated delivery unit will<\/p>\n<p>be established at the highest level of governance to ensure accountability in delivering results. The unit will play a facilitative role with ministries,<\/p>\n<p>departments and agencies to work hand-in-hand with the private sector to realize the achievements. This therefore enables the economic agenda to be result-oriented.<\/p>\n<p>He said proper and rigorous implementation monitoring and tracking will be crucial in meeting the NSDP II targets. \u201cI am not saying that the journey will be easy, as any change will require an<\/p>\n<p>effort. But as long as we work together and in a coherent manner, I believe that the results can be achieved,\u201d he said. Meanwhile Deputy Prime Minister Hon.<\/p>\n<p>Monyane Moleleki who was speaking on behalf of the Prime Minister, said he was convinced that the cabinet made the right decision to adopt the economic lab approach.<\/p>\n<p>He admitted it to be \u2018very good planning innovation for dealing with development challenges and getting the government, the private sector and other partners in development to act decisively and , further<\/p>\n<p>pointing out that some of the issues have been dragging for years, frustrating investments that could have benefitted this country enormously. \u201cThe predicted outcomes of the economic labs have injected positive momentum towards<\/p>\n<p>the implementation of the National Strategic Development Plan II, whose overriding objective is to promote inclusive and sustainable economic growth and private sector-led job creation.<\/p>\n<p>The implementation of the economic lab programme will surely change the economic narrative of Lesotho very quickly, ushering us into the new and better economic<\/p>\n<p>landscape,\u201d he alluded. He pointed out that the following stage is implementation stage which is the most crucial and critical. \u201cWe have to deliver on our commitments as planned. So, I am declaring openly that we commit as the leadership of this government to deliver on our commitments,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. Minister of Development Planning Hon. Tlohelang Aumane says the end of Lesotho economic laboratories is the beginning of a new phase in Lesotho\u2019s economic acceleration. He said the momentum harnessed by the labs will be carried onto implementation, and a robust monitoring and evaluation framework will be in place to sustain the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":3394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[267,233,246,415,245],"class_list":["post-3395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-lesotho-2","tag-africa-press","tag-africa-press-lesotho","tag-economic","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u2018Lesotho Economic Labs closing not the end\u2019 - Lesotho<\/title>\n<meta name=\"description\" content=\"Minister of Development Planning Hon. 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