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Lesotho

TFSA works with producers in Lesotho to improve compliance and linkage to new markets

Lesotho’s economic profile:

Lesotho is a small, mountainous and landlocked country, and is an enclave of South Africa. Lesotho has close economic linkages to South Africa and is a member of the Common Monetary Area (CMA) with Eswatini, Namibia and South Africa.

Lesotho’s economic performance has been negatively affected by slow economic growth in the South African economy and sluggish global economic growth amid a major downturn in both emerging markets and advanced economies. However, the government of Lesotho has identified manufacturing, tourism, agriculture, technology and creative arts as the key economic drivers.

The private sector currently contributes less than 40% to the gross national investment, with the government dominating most economic activities in the country. To promote private sector participation for employment creation and economic growth, development of small, medium and micro entrepreneurs is imperative to change the landscape and trajectory of the country. (Source: The World Bank)

TFSA sector work in Lesotho:

TFSA sector work in Lesotho The TFSA priority sectors in Lesotho are cosmetics and natural ingredients, and fruits, nuts and vegetables. Both were selected due to their recent growth development, the global interest in these products and the excellent regional supply potential. However, producers face a number of constraints to further sustainable development, including poor physical market access – domestically and regionally – and non-tariff barriers and regulatory processes that add cost and time to products and limit the ability of farmers to compete in regional markets. In addition to these TFSA priority sectors, the wool and mohair sector has been added in Lesotho due to its vital importance to the country and because of the interests expressed by local stakeholders. The wool and mohair industry is dominated by rural small-scale producers and is a major export sector with significant potential for growth through support to producers to comply with international certifications and regulations.

TFSA is currently in discussions with business support organisations, the Lesotho Chamber of Commerce and Industry, Lesotho National Development Corporation, and Lesotho National Wool and Mohair Associations, to finalise the design of TFSA support and services in the three sectors.

What we can do for you

Export Readiness

Is your business ready to export? Use this tool to determine your export readiness and to identify areas that you still need to address to get there.

Identify Markets

What markets have the highest potential for your products? Use these ITC tools to rank and calculate your export potential in global markets.

Trading Prices

Identify where your competitors are and compare your potential prices in target export markets. These ITC tools use global trade data for indicated value by product and by country.

Finding Buyers

Who are your potential buyers? Listings from the Kompass International Trade Directory help you identify importers and distributors in your target markets.

Standards and Processes

What are the compliance requirements your product must meet to enter your target export markets? These tools help you identify customs, duties, taxes, rules, regulations and standards by region and by country.

Country Representative

Mpho Palime

Mpho Palime is an Independent Consultant with more than twenty years’ experience in International Trade Law and Trade Policy Formulation. Having experience in trade negotiations, she was involved in the negotiations of the Southern African Customs Union Agreement and the Southern African Development Community Protocol on Trade and the Protocol on Trade in Services. Having been part of Government delegations and part of the facilitators as a staff member of a Regional Organisation. She has worked for both Government and International Organisations in the capacity of Legal Advisor on International Trade Issues and has extensive knowledge and experience in drafting legal documents.