Incentives Lesotho has a business friendly, fiscal and financial environment. A number of financial incentives are available to manufacturing companies establishing in Lesotho including:
• Unimpeded access to foreign exchange.
• Export Finance Facility.
• Long-term loans.
• The existence of an import vat credit facility provides input tax credit upon importation and local purchasing of raw materials and capital goods.
Why Invest In Lesotho - Access to Markets
Lesotho is a member of two regional trade agreements, which are Southern African Customs Union (SACU) and Southern African Development Community (SADC). There are other arrangements outside the region which include the agreement with the EU under the Cotonou and the US under the African Growth and Opportunity Act (AGOA). Almost all Lesotho’s exports receive better than most-favoured nations (MFN) treatment to these
Government Moves Swiftly to Address
Recent Sewer Pipe Break
Washington DC, Embassy of the Kingdom of Lesotho, (August
14, 2009) The Government of Lesotho has noted, with great
concern, recent reports regarding water pollution within the
Lesotho garment industry at a mill and denim manufacturing
unit in Maseru. The textile and garment industry in Lesotho
plays a crucial role in reducing poverty through economic
development and job creation.