with competitive peanut oil making machinery in lesotho

   
with competitive peanut oil making machinery in lesotho
                                               
                                               
                                               
                                               
  • with competitive peanut oil making machinery in lesotho
Why is manufacturing important in Lesotho?

A more productive and competitive manufacturing sector that is resilient to shocks is critical for reducing long-term unemployment particularly for youth, strengthening Lesotho¡¯s presence in the global economy, and ensuring the Kingdom emerges from the pandemic economically stronger than it entered.

How can Lesotho become more competitive?

Improving infrastructure ¨C particularly energy, water, and waste management ¨C is critical to making Lesotho more competitive with other key manufacturing destinations globally. Inadequate water supply has been identified as a key challenge in the Maputsoe and Nyenye Industrial Areas, which reduces efficiency and increases costs.

How much did Lesotho export to the US?

Between 2001 and 2004, textile and apparel exports from the Lesotho to the US increased from $140 million to $450 million ¨C a 220% increase.

How did the textile industry grow in Lesotho?

The textile and apparel industry grew from having just a handful of factories in the 1990s to becoming the largest private-sector employer, providing over 50,000 jobs (mostly to women), and directly and indirectly benefitting 13% of Lesotho¡¯s population.