The
Kingdom of Lesotho (former:
Basutoland) is a landlocked country surrounded by South Africa - in Southern
Africa,
Background: Basutoland was renamed
the Kingdom of Lesotho upon independence from the UK in 1966. Constitutional
government was restored in 1993 after 23 years of military rule.
Lesotho
economy is closely linked to South Africa's economy.
The total of
electricity consumption - 209 million kWh (1998) - is imported from South Africa.
National budget revenues depend largely on remittances from miners employed in
South Africa. However the number of mine workers in South Africa has steadily
declined over the past several years. In 1996 their remittances added about 33%
to the country GDP compared with the addition of roughly 67% in 1990. The complement
of revenues to the national budget depends:
1- On agricultural products
exported to South Africa. 2- Proceeds from membership in a common customs
union with South Africa 3- Royalties - since January 1998 - generated by
the first phase of a major hydropower facility that sells water to South Africa.
Water is indeed the only natural resource in relative abundance in
Lesotho.
Phase I (Mohale Dam) of a US $ 5 billion joint venture
project between Lesotho and South Africa to building a network of dams and channels
(in the remote mountains of Lesotho) to funneling rainwater to the industrial
heartland of South Africa had been inaugurated on March 16, 2004 by His Majesty
King Letsie III and President Thabo Mbeki of South Africa. Lesotho will sell water
to South Africa. The dam trap water that normally runs into the Orange river
and out west into the Atlantic Ocean, and instead turn it north towards Johannesburg.For
more on this matter click here.
A small manufacturing base depends
largely on farm products that support the milling, canning, leather, and jute
industries. Agricultural products are exported primarily to South Africa.
Due to the mountainous characteristic of Lesotho' scenery, there are business
opportunities in the tourism sector: trekking and mountain retreats development
for high standard international tourists.
Another business opportunity
is the development of industrial fishing. Click
here for more. Courtesy of BusinessAfrica™ / Dr.
Quenum and Associates - Investment and Business Planners.
The
challenging problem threatening the country' social life is the high penetration
rate (31%) of AIDS/ HIV. Since mid 2003, Lesotho's political authorities initiated
four programmes in an effort to curbing down the disease. 1- Prevention
of mother-to-child transmission of HIV. 2- A series of workshops on transformational
leadership. 3- The issemination of a document on scaling up the national
response. 4- A campaign aimed at encouraging the Basotho people to be tested
and receive counselling. Lesotho's first health centre to provide antiretroviral
therapy (ART) was officially opened by Lesotho Prime Minister Dr Pakalitha Mosisili
on May 7, 2004.
Crop
forecast for 2004 worse than previous poor 2003 harvest. Lesotho is heading for
its third consecutive year of food shortages due to pesrsisting drought. Click
here for more
Click
here for news and events dynamic headlines on sub-Saharan Africa. Click
herefor news and events on Southern Africa
6-
Studies In The Economic History of Southern Africa South Africa, Lesotho, Swaziland
by Zbignew Konczacki 7- The
Matter of Women Is Getting Very Bad - Gender, Development And Politics
In Colonial Lesotho by Marc Epprecht 8- Lesotho
Herders Video Project Exploration In Visual Anthropology by Chuck
Scott 9- Lesotho
Enchantement of Africa by Allen Carpenter
Exports:
US$ 175 million
(f.o.b. 2000); 422 million f.o.b. (2002 est.) Commodities:
manufactures 75%
(clothing, footwear, road vehicles), wool and mohair, food (water) and live animals
Exports
- partners: US, Canada, France,South
African Customs Union 65%
Imports:
US$ 700 million
(f.o.b. 2000) 738 million f.o.b. (2002 est.) Commodities:
food; building materials,
vehicles, machinery, medicines, petroleum products (1995)
Imports-partners: South African Customs Union
90%, Asia 7% (2002)
A passport is required. For more information concerning entry requirements, travelers
may contact the the nearest embassy or consulate of Lesotho
United
Kingdom High Commission of the Kingdom of Lesotho
7 Chesham Place Belgravia London SW1 8HN Tel.:
+(44) 171 235 5686 Fax.: +(44) 171 235
5023 E-mail: Click
here
Belgium
Embassy of the Kingdom of Lesotho
Boulevard General Wahis 45 1030 Brussels Tel.:
+(32) 2 705 3976 Fax.: +(32) 2 346 770
E-mail: Click
here
Republic
of South Africa High Commission of the Kingdom of Lesotho
391 Anderson Str. Menlo Park Pretoria P.O. Box 55817 0007 Arcadia
Tel.: +(27) 12 467648 Fax.:
+(27) 12 467649 E-mail: Click
here
United
States of America Embassy of the Kingdom of Lesotho 2511
Massachusetts Ave., N.W. Washington D.C. 20008 Tel.:
+(1) 202 797 5533/4/5/6 Fax.: +(1) 202 234 6815
E-mail: Click
here
Federal
Republic of Germany Embassy of the Kingdom of Lesotho Godersberger
Alle 50 53175 Bonn Tel.: +(49) 228 308430
Fax.: +(49) 228 3084322 E-mail:
Click here
Geneva
Permanent Mission of the Kingdom of Lesotho
44 Rue de Lausanne 1201 Geneva Tel.: +(41)
22 9000505 Fax.: +(41) 22 9000525 E-mail:
Click here
AIR-LINKING
/ TRANSSHIPPING
The main
airline linking Lesotho to the World at large is South Africa Airways with daily
schedule to and from Johannesburg's airport.
Being a landlocked country
within South Africa's boundaries, Lesotho depends completely on South Africa's
road and ralways system for import and export of goods and commodities.
INVESTOR
CONTACTS
Ministry
of Trade and Industry
Trade Promotion Unit P.O. Box 747 Maseru 100 Tel:
+(266) 32 2138 / 32 3414 Fax: (+266)
31 0038 Telex: 4384 TIPUMTI LO
Lesotho
National Development Corporation
Private Bag A96 Maseru 100 Lesotho Tel:
+(266) 31 2012 Fax: +(266) 31 0038 Cables:
"Devcor" E-mail: Click
here Website URL: Click
here
Lesotho
Chamber of Commerce and Industry
Kingsway Fairways Center P.O. Box 79 Maseru 100 Tel:
+(266) 32 3482
ACCOMMODATION
There are some hotels in Maseru of international standard and throughout the country
smaller inns and lodges can be found. For more on available accommodation contact
Lesotho Tourist Board below listed