MASERU, Feb. 12 -- In order to support the growth and development of Micro, Small, and Medium Enterprises (MSMEs), the Ministry of Trade, Industry, and Business Development hosted a validation meeting to discuss and refine the Lesotho National Policy on MSMEs for the period 2024-2029. The event, supported by the Competitiveness and Financial Inclusion (CAFI) initiative, aimed to ensure the policy is well-suited to the unique needs of MSMEs in Lesotho.

Lesotho's informal sector is largely dominated by MSMEs, yet accurate statistical data on the sector is scarce. According to the FinScope 2024 survey, there are approximately 107,753 MSMEs in the country of which 81,892 are in the informal sector and 25,861 in the formal sector.

The govern...