In partnership with the Lesotho National Development Corporation and the Department of Policy and Strategic Planning, USAID’s Southern Africa Trade Hub conducted an investor roadmap audit in Lesotho after a similar exercise in Swaziland the previous week.
The Investor Roadmap is a tool to help improve a country’s investment climate with regulatory, legislative, and procedural reforms. The Trade Hub developed the Investor Roadmap for Lesotho in 2012, making 51 recommendations on areas the country needed to address.
The first three days of the program consisted of the audit process, which was followed by a validation workshop attended by the Minister of Trade and Industry Hon. Joshua Setipa and the Principal Secretary from the Ministry of Development Planning, Lerotholi Pheko.
Key reform issues discussed during the audit and workshop included company registration, immigration reform, trading across borders, land issues, and mining procedures. The validation workshop was designed to review preliminary audit findings and to secure buy-in from both public and private sectors on the resolution of outstanding issues and the way forward. Results will feed into the Investor Climate Reform Communications Strategy to be developed by the Trade Hub, which will communicate Lesotho’s progress on its Investor Roadmap goals to implementers, the private sector, and other intended beneficiaries.
The intended outcome of this intervention by the Trade Hub is to improve Lesotho’s business regulatory environment and ultimately improve the country’s ranking by international competitiveness reports such as the World Bank’s Ease of Doing Business and Global Competiveness Index.
Photo: Lesotho’s Minister of Trade and Industry Joshua Setipa thanked USAID for its continued support to Lesotho for this and other programs through the Southern Africa Trade Hub