The landlocked Kingdom of Lesotho, encircled by South Africa, is renowned for its mountainous topography and resilient clothing and textile sectors.
Although the country’s footprint is small, and with a population of approximately 2 million people, it represents a good destination for retail and service oriented businesses.
Approximately 40% of Lesotho’s population lives below the poverty line, which presents an opportunity for businesses providing low cost products and services to the country. In an effort to boost its population’s literacy and employability, the government is focusing on its youth, providing free primary schooling and bursaries for orphaned and abandoned children.
While its copious natural resources can allow it to become a more significant export player, infrastructure development and foreign investment into mining and agriculture remains a challenge for the country.
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