U.S. companies can seize this opportunity. As Lesotho looks for ways to diversify its industry base outside of textile manufacturing, U.S. manufacturers could find opportunities in the manufacturing of electronics, automotive components, cosmetics, plastics, food processing, and other labor-intensive manufacturing.
What is Lesotho’s fuel consumption?
Like most countries in sub-Sahara Africa, Lesotho¡¯s fuel share of total final consumption is dominated by biofuels and waste at 57% followed by oil, 26%, electricity at 7% and coal at 7%.
How easy is it to do business in Lesotho?
According to the latest World Bank annual ratings, Lesotho is ranked 122 among 190 economies in the ease of doing business. This is a deterioration from the rank of 106 in 2018.
What are the main industries in Lesotho?
The sector is dominated by the textiles and apparel industries. According to the Ministry of Labor Inspectorate and Better Work Lesotho, Lesotho¡¯s formal manufacturing sector is free from child labor. Some employers violate national and international basic worker rights, and mainly the right for workers to join unions.