Description
The GOL maintains a strong commitment to private investment and is generally open to FDI, with the exception of limited restrictions on foreign ownership of small businesses. The GOL welcomes foreign investments that: – Create jobs and open new markets and industries in accordance with the national objective of diversifying Lesotho’s industrial base; – Improve skills and productivity of the workforce and nurture local business suppliers and partners; – Support knowledge and technology transfer and diffusion; – Improve the quality and accessibility of infrastructure. Foreign investors enjoy the same rights and protections as Basotho investors. The government is aware of the challenges it faces as a small, landlocked, and least developed country in facilitating investment and is committed to improving the climate for investment.
