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Global 21 fourth quarter 2015

Spotlight Lesotho the spread of the disease and caring for orphans? It is a matter of great concern that the progress made in the fight against the spread of HIV/AIDS before 2012 was eroded by We expect the construction sector to perform above average as a result of the commencement of the second phase of the Lesotho Highlands Water Project the careless and nonchalant attitude of those who led government in 2012. This is a reality we have to confront with the vigour and aggressiveness necessary to reverse the spread of the pandemic. We have just initiated an innovative, indigenous leadership programme whose primary focus is to ensure involvement and accountability of all strata of leadership in the health service delivery and galvanise the collective energy of every leader, including Village Health Workers who have been faithful supporters of people living openly with HIV/AIDs. Our special appeal to the international community is for them to lend support to this leadership programme and ensure that the resources they provide are not utilised in a vertical pattern that does not ensure cohesion for the current leadership agenda. It is expected that His Majesty King Letsie III will launch this programme soon. The Ministry of Social Development already has a support programme for orphans and vulnerable children. As part of the leadership drive, that Ministry, working with its international partners, will be assisted to improve its outreach to orphans. The African Development Bank Group has predicted growth of around 4.4% for Lesotho this year. Which areas of the economy do you see as being most critical to driving continued growth? The key drivers of economic growth this year will be the following: n The Manufacturing sector will continue to achieve robust growth as exports of manufactured goods, primarily the apparel sector to the US, continues to grow. The recent extension of Africa Growth and Opportunity Act by the United States has strengthened our position as one of the most competitive apparel producers in Sub-Saharan Africa. Furthermore, our continued investment in this sector, aimed at achieving full vertical integration will contribute to improved performance of the sector n The second key factor for growth this year will be mining. Our exports of diamonds to the EU and US continue to grow and the current US dollar/rand exchange rate has made our exports competitive n Thirdly, we expect the construction sector to perform above average as a result of the commencement of the second phase of the Lesotho Highlands Water Project. This infrastructure project will significantly boost our GDP for at least the next seven years What would your message be to prospective investors interested in investing in Commonwealth countries like Lesotho? And what would be your message to Basotho enterprises eager to work with these investors? My key message to potential investors is that Lesotho is ripe for business. Government, with the assistance of its co-operating partners, has put in place a transparent and effective policy framework that facilitates doing business in Lesotho. Lesotho is a safe destination for investments and the safety of investors is guaranteed. It is also important to highlight that Lesotho enjoys preferential market access into most developed country markets including the EU, US, Canada and China. four 16 l www.global -br ief ing.org th quar ter 2015 global © Adele D / Shutterstock.com The Katse dam on the Malibamat’so river, part of the Highlands Water Project, is Africa’s second largest dam


Global 21 fourth quarter 2015
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