Published by:
PO Box 835, Umdloti Beach 4350 Tel/Fax +27 31 568 2403 E-mail: annewade@3i.co.za Website: www.lesothoreview.com
Marketing: Anne Wade, Tira Wade Editorial: Louella Morgan-Jarvis Design & Layout: Lyn Grandemange - Logo Graphics Repro & Printing: Fishwicks the Printers Afriski, Anne Wade, Lesotho Sky, LCA, LEC, LHDA, LHWC, Photography: Limkokwing University, LNDC, Morija Festival, Nedbank Lesotho, NUL, Semonkong Lodge, Standard Lesotho Bank.
Contents FOREWORD 2 INTRODUCTION 3 FOREIGN TRADE & INVESTMENT
13
COMMERCE, INDUSTRY & MINING
18
TOURISM 27 ENVIRONMENTAL CONSERVATION
36
AGRICULTURE 39 TRANSPORT INFRASTRUCTURE
43
CONSTRUCTION 47
The Lesotho Review provides a comprehensive overview of each sector of the Kingdom of Lesotho’s economy, along with useful information for potential investors and other interested parties, and is updated and published annually. This edition pertains to the 2019 period, and has been compiled with the support of the Lesotho National Development Corporation (LNDC), Lesotho Tourism Development Corporation (LTDC), the Central Bank of Lesotho (CBL) and several business enterprises and organisations that have advertised in the review. Their kind assistance is gratefully acknowledged. The publishers also acknowledge particular sources of editorial information, which include: Lesotho National Budget Speech 2018/19; Budget Strategy Paper 2018/19-2020/21; CBL Annual Report 2017, Monetary Policy Committee Statement of November 2018, Economic Outlook 2018-2020, and Quarterly Review of June 2018; Lesotho Bureau of Statistics 2016 National Population Census, 2016 Education Statistics Report, 2016/17 Agricultural Production Survey; African Economic Outlook 2018; IMF ‘World Economic Outlook: October 2018’; World Bank: Doing Business 2019; World Travel & Tourism Council Report of 2018; LTDC Arrivals and Accommodation Statistics; Lesotho Revenue Authority Strategy 2018-2023; Lesotho’s Nationally Determined Contribution under the UNFCCC: December 2017; Lesotho National Climate Change Policy 2017; Lesotho Communications Authority: State of ICT in Lesotho 2017; ITU Lesotho Profile 2018; Revised National Health Strategic Plan 2017-2022; PEPFAR Country Operational Plan 2018.
© Afriski / Michael Allen
WATER & ENERGY
51
INFORMATION & COMMUNICATIONS TECHNOLOGY
61
FINANCIAL SERVICES, INSURANCE & INVESTMENT
69
HEALTHCARE 90 EDUCATION & TRAINING
96
INDEX TO ADVERTISERS
103
While every care has been taken in the preparation of this publication, the publishers can accept no liability for any errors or omissions that may occur. This publication is the exclusive property of the publishers and no part of the contents may be reproduced in any form without prior written permission of the publishers. All editorial material and photographs are copyrighted.