Feb. 13 (The Post) -- In order to further improve the business environment, remove investment barriers and minimize the time and money spent by enterprises to start a business or renew a license, the Ministry of Trade and Industry (MTI) of Lesotho launched an e-licensing and e-regulations project on February 12. The project is funded by the World Bank and managed by the One-Stop Business Facilitation Center (OBFC) set up by the MTI. Enterprises can access designated websites to obtain all information about relevant business and submit applications for trade and manufacturing licenses online.
Trade Minister Halebonoe Setšabi said that the launch of the project will significantly improve the business environment in Lesotho, enhance administrative transparency, effectively curb potential corruption, and help policymakers review the procedures and make reforms that will be aligned with the current economic dynamics. Minister Setšabi further pointed out that the MTI has the mandate to take a leading role in creating an enabling environment for trade, investment, business and industrial development, thus promote private sector-led job creation and poverty reduction. Based on this goal, the MTI actively develops information technology-based infrastructure and effectively and efficiently performs its duties to create an enabling business environment.
Source: Economic and Commercial Counsellor's Office of the Chinese Embassy in Lesotho