 Main_street-Maseru that is it |  maseru-Lesotho This's my area in Maseru |  lesotho looking for peace of mind |
 city-of-maseru looking good |  KingswayMaseru most boring city in world |  welcome Entering Lesotho |
 Lesotho looking for peace of mind |  Maseru-city My beautifully city, love it |
 Local_Customs-Lesotho Fine nightout | Maseru-3 Good time at night |  Ouch-Lesotho boring in lesotho |
 Lesotho enjoying locals |
Bussines in Lesotho
Economy
LESOTHO'S ECONOMIC GROWTH IN 2008 is estimated to have fallen to 4.2 per cent from 5.1 per cent in 2007. The slowdown is due, in part, to the global financial and economic crisis but high inflation driven by soaring food and oil prices has also played a role. Growth is expected to fall further to 3.8 per cent in 2009 before picking up to 5.3 per cent in 2010.New diamond mines, which opened in 2004 and 2005, continued to make significant contributions to Lesotho's economic growth. However, manufacturing came under pressure in the second half of 2008 as consumer demand in the United States weakened. It is estimated that textiles, footwear and leather products output will contract 10.7 per cent for the whole year, compared with an increase of 5.1 per cent in 2007. GDP growth is expected to fall to 4.2 per cent in 2008 from 5.1 per cent in 2007, slipping to 3.8 per cent in 2009 before recovering to 5.3 per cent in 2010. Inflation will likely have peaked in 2008 as oil and food prices jumped, with price pressures expected to ease thereafter, giving the economy some relief.
Tourism presents an important opportunity for Lesotho to diversify, especially in view of the 2010 FIFA World Cup in South Africa. However, tourist industry growth still lags behind other sectors and the government will need to provide support to improve infrastructure and management.
Investing in Lesotho!
Lesotho occupies a unique geographical position reasonably centrally located within Southern Africa and with good access to some of the fastest growing industrial and economic areas in the region such as Johannesburg and Pretoria. It is also within reasonable proximity to the international ports such as Durban and Cape Town. This combined with the efforts of the Government of Lesotho to create a good enabling environment for business make the country an attractive destination for foreign investment.Analises of Lesoth Economic
1. Lesotho's Index of Economic Freedom Ranking was downgraded due to increases in government spending and decrease in financial freedom. Business freedom in Lesotho is on par with the world average.2. According to the Enterprise Surveys (2009) the top three constraints to doing business and investment are tax administration, corruption and crime, theft and disorder.
3. Lesotho's overall Ease of Doing Business ranking slipped a couple of spots this year, reflecting lower scores for 8 indicators. It takes 601 days to obtain a construction permit which is almost three times the regional average.
Your commentsDoing business over here is the same like doing business others part of africa. Corruption, beuaracracy, etc. It is a virus in Africa that one day I hope someone must stand up and eliminated these virus(corruption and beuaracracy) It's corruption the best killer in Africa and Aids. Doing can be very frustrated because we're in middle of South Africa Honestly though, i'm so sick and tired of people naming corruption as the no.1 source of their refusal to invest in developing African Nations. The thing is, when you need their Diamonds, they provide. How can people get over corruption without having the support they need from investors? Home run! Great suglging with that answer! |
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Lesotho is a constitutional monarchy under King Letsie III, with a bicameral legislature of a Senate and a National Assembly elected since 2002 under a mixed first-past-the-post and proportional representation system. The prime minister, commanding a majority in Parliament, is formally appointed by the King. Prime Minister Bethuel Pakalitha Mosisili has been in office since 1998. His Lesotho Congress for Democracy (LCD) won the most seats in the last general election in 2007 but the major opposition parties challenged the outcome, especially over its proportional representation seats in parliament. In an effort to resolve the resulting political impasse, the SADC named former Botswana president, Sir Ketumile Masire, to mediate. Despite the problems, the government has been able to press ahead, helped by growing splits among the opposition parties. |
What do you think about mornachy in Lesotho?Your commentsI believe that if the mornachy is benifiting only the king with and his wives. That meant is time to reform the mornachy just like in England, Spain etc. for seek of the country and people. The Mornachy has been good for the country. Then why change it. There're conflint every in Africa. Mornach isn't improving our life. I think is time get ridd of it. I LOVE LESOTHO SO MUCH AND I MISS HOME,SORRY TO BE IRRELEVENT.THIS PLACE IS SO BEAUTIFUL I MUST SAY WE ARE AT THE HEARTS OF NATURE Leave the monarch exactly where it is! I personally don't pay attention or think of them as the all mighty, however, it's part of a nation's history and culture. I mean, the British, Dutch, Swazi, Swedish, Danish, Spanish & Japanese monarchies are still in good condition aren't they? Hey Pina, you contrast Lesotho monarch with more advance countries except Swazi. But most of these countries monarch help the population but not the same in Lesotho. |
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Your commentsHey, someone can direct me, nice places to go eat and have fun! Thanks It's very boring place. It was nice to go to lesotho to see some different when we're in South for World Cup Maseru is B.O.R.I.N.G
No cool clubs...if there, they are ghetto as hell.
I mean seriously...get it together!!! sheesh |