USAID’s Southern Africa Trade Hub met with the Lesotho Minister of Economic Affairs, Kimetso Mathaba, in the Prime Minister’s Office to update the Minister on implementation progress for the Investor Roadmap for Lesotho. The meeting was requested by the Principal Secretary for the Ministry of Economic Affairs during an Investor Roadmap audit conducted by the Trade Hub earlier in May in partnership with the Lesotho National Development Corporation (LNDC) and the Department of Policy and Strategic Planning (DPSP). The recent audit was part of a five-day Trade Hub program that included a one-day validation workshop and a workshop on Investment Reform Communications Best Practice.
At the briefing with the Minister, the Trade Hub presented an overview of the Lesotho Investor Roadmap, key structures established thus far through LNDC and DPSP to facilitate required reforms, the Trade Hub’s role in the process, the objective of the five-day program, key reform issues discussed during the audit, and the major challenges hindering effective implementation. The Minister was informed of the critical need for Lesotho to establish an office or “champion” to oversee, monitor, and evaluate implementation of the investment reforms in the country.
Minister Mathaba appreciated USAID’s assistance in this and other activities in Lesotho. He highlighted that his government realizes the importance of having a business-friendly investment climate and promised that a subcommittee will be established at the Cabinet level to ensure effective implementation of required investment climate reforms.
Photo: The Investor Roadmap Audit May 18-22, 2015 drew a wide array of participants and instigated this week’s briefing for the Minister of Economic Affairs