{"id":4827,"date":"2021-10-20T12:12:53","date_gmt":"2021-10-20T12:12:53","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors"},"modified":"2021-10-20T12:32:18","modified_gmt":"2021-10-20T12:32:18","slug":"making-lesotho-destination-of-choice-for-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors","title":{"rendered":"Making Lesotho destination of choice for investors"},"content":{"rendered":"

Africa-Press<\/a> – Lesotho<\/a>. <\/strong><\/span>MAKING Lesotho an attractive investment destination requires strong political will and the concerted efforts of all stakeholders in the country. But those two should be backed by enough resources to push through the reforms urgently needed to make Lesotho an investment destination of choice.<\/p>\n

That is the message that came out of a review of the Investor Roadmap last week. Marina Bizabani, Manager Foreign Investments at the Lesotho National Development Corporation (LNDC), told participants at the review that political will, support from stakeholders and resources are crucial in the implementation of the reforms suggested in the roadmap.<\/p>\n

The roadmap suggests reforms and time-frames for their implementation to create an investor friendly environment. Some of the policies that put off investors have to do with land tenure, security of investment, regulatory requirements for businesses and labour rules.<\/p>\n

Bizabani said there has been some progress in the implementation of some of the reforms as some stakeholders have taken it upon themselves to nudge decision-makers into action.<\/p>\n

\u201cWe are already seeing some giving their support,\u201d Bizabani said.<\/p>\n

She added that the review affords them a chance to hear and see what their counterparts are doing \u201cso that we know where to improve to complement each other as our agencies and ministries are integrated\u201d.<\/p>\n

Bizabane said it is also important to share information \u201cto best utilise the limited resources for maximum results and ensure that no one is left behind\u201d.<\/p>\n

She said although there is still a long way to go, this year there seems to be a lot of progress compared to the previous year when the review revealed that there was very little happening on the ground.<\/p>\n

\u201cWe are going somewhere,\u201d Bizabane said.<\/p>\n

Speaking at the opening of the review workshop, the LNDC CEO Kelebone Leisanyane said there were 50 recommendations on improving investment climate and Lesotho\u2019s rankings in the world in terms of the ease of doing business and operations.<\/p>\n

Leisanyane said the recommendations were made with the help of the United States AID (USAID) Trade Hub. He added that the successful implementation of the recommendations will unlock growth and development in other aspects of Lesotho\u2019s investment landscape.<\/p>\n

\u201cMy wish is that in the past year we have addressed the challenges that were highlighted following the audit and will take motivation from them to fast-track our reforms going forward,\u201d Leisanyane said.<\/p>\n

\u201cThe review is more crucial also considering that this year it is the last year of the current NSDP (National Strategic Development Plan) which prioritised investment climate reforms to enable participation of the private sector in creating jobs and spurring economic growth,\u201d he said.<\/p>\n

The Principal Secretary in the Ministry of Trade, Majakathata Mokoena-Thakhisi, said reforms are good initiatives but they are also challenging to implement.<\/p>\n

Mokoena-Thakhisi further indicated that the reforms were of high priority as they would have enabled the government to create the 50 000 jobs stipulated in the NSDP.<\/p>\n

\u201cThe NSDP prioritised the investment climate reforms agenda as a prerequisite programme which required speedy implementation for achieving the creation of 50 000 private sector driven jobs during 2012\/2013- 2016\/2017,\u201d Mokoena-Thakhisi said.<\/p>\n

Mokoena-Thakhisi said progress in implementing the reforms has been sluggish. \u201cIt is important to note that progress in implementation of the investor roadmap climate reforms has been slow, both on the basis of NSDP and the Lesotho Investor Roadmap benchmarks,\u201d he said.<\/p>\n

He urged the concerned stakeholders to integrate the reforms in their budgets so that they can have funds to put them into motion. \u201cIntegrate the reform areas activities in your budgets so as to allocate the requisite resources for speedy implementation and this should be seen as a long-term government agenda,\u201d Mokoena-Thakhisi said.<\/p>\n

\u201cOur country needs to aim high in setting targets for performance in international benchmarks with increased innovations of best practices to ease doing business for SMMEs and foreign investors,\u201d he said.<\/p>\n

Mokoena-Thakhisi added that fast-tracking reforms will also play a key role in decreasing the escalating unemployment rates among youths and enable the private sector to create jobs and high quality products.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. MAKING Lesotho an attractive investment destination requires strong political will and the concerted efforts of all stakeholders in the country. But those two should be backed by enough resources to push through the reforms urgently needed to make Lesotho an investment destination of choice. That is the message that came out of […]<\/p>\n","protected":false},"author":84,"featured_media":4826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,8,16],"tags":[233,246,940,245],"class_list":["post-4827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-destination","tag-lesotho"],"yoast_head":"\nMaking Lesotho destination of choice for investors - Lesotho<\/title>\n<meta name=\"description\" content=\"MAKING Lesotho an attractive investment destination requires strong political will and the concerted efforts of all stak ...\" \/>\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\/making-lesotho-destination-of-choice-for-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Making Lesotho destination of choice for investors\" \/>\n<meta property=\"og:description\" content=\"MAKING Lesotho an attractive investment destination requires strong political will and the concerted efforts of all stak ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors\" \/>\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=\"2021-10-20T12:12:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-20T12:32:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/10\/img-61700c30c3f67.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\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=\"3 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\/making-lesotho-destination-of-choice-for-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Making Lesotho destination of choice for investors\",\"datePublished\":\"2021-10-20T12:12:53+00:00\",\"dateModified\":\"2021-10-20T12:32:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors\"},\"wordCount\":678,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/10\/img-61700c30c3f67.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"destination\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/making-lesotho-destination-of-choice-for-investors\",\"name\":\"Making Lesotho destination of choice for investors - 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