MASERU, July 7 -- The government of Lesotho has approved a M50 million relief fund for Medium, Small and Micro Enterprises (MSMEs) to help them against the economic blow imposed by the coronavirus (Covid19) pandemic.

This was revealed by the Minister of Small businesses Development, Cooperatives and Marketing Hon. Keketso Sello at the MSME day celebration on Friday. MSMEs in the country have created 76,000 jobs mainly employing the youth, thus validating the fund as it is meant to help sustain these small businesses.

Presenting on MSMEs and Covid-19: Challenges and lessons learnt, BAM Group of Companies Chief Executive officer (CEO) Mamashiya Ntsepeng Tsita Tikiso highlighted that Covid-19 has adversely affected women, saying some facto...