business

Dec. 1, 2021

NEO SENOKO

2 min read

BEDCO receives ICT kits from African Development Bank

BEDCO receives ICT kits from African Development Bank

BEDCO CEO, Idia Penane

Story highlights

  • The equipment will be used to live stream and facilitate participation of entrepreneurs in virtual expos
  • BEDCO’s 2020-25 strategic plan identifies ICT as a major leverage to successfully execute its mandate

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THE African Development Bank, a multilateral development finance institution has, through the Economic Diversification Support Project procured three sets of video conference equipment to facilitate the implementation of Basotho Enterprises Development Corporation (BEDCO)’s programmes.

Two of the three sets of equipment have already been installed at BEDCO premises in Maseru and Mafeteng with the third yet to be installed in Leribe.

BEDCO’s 2020-25 strategic plan identifies ICT as a major leverage to successfully execute its mandate more so in the advent of the COVID-19 pandemic.

“We are indebted to the African Development Bank for their continuing support of BEDCO’s initiatives. Today’s event marks yet another milestone in the growing of cooperation between the Government of Lesotho and the African Development Bank. For the first time, BEDCO is the privileged recipient of ICT equipment transfer from the African Development Bank through the Economic Diversification Project.

“BEDCO’s growing collaboration with the African Development Bank is especially appropriate given Lesotho’s need to catch up with the rest of the world on the fourth industrial revolution bandwagon in ICT and telecommunications,” BEDCO CEO, Idia Penane said during the ceremony. 

The equipment will be used to conduct engagements with stakeholders and allow BEDCO to facilitate as well as host webinars and trainings for entrepreneurs.

The video conferencing software makes it possible to get all of the benefits of traditional face to face sessions at a lower cost.

Furthermore, the equipment will be used to live stream and facilitate participation of entrepreneurs in virtual expos and exhibitions as well as provide a platform for information and idea sharing.

It will drastically reduce costs to both BEDCO and entrepreneurs that are involved in renting physical conferencing facilities.

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This will allow resources to be reallocated to other strategic obligations of the organisation.

In this way, the productivity of the business is not affected by the time needed for training. Basotho entrepreneurs will be able to embrace relevant information technology even in their business operations.

Speaking at the same event, the Minister of Small Business Development, Cooperatives and Marketing, Machesetsa Mofomobe said the video conferencing equipment will significantly impact the way BEDCO has been doing business.

“The technology will enhance communication with all stakeholders, thus reducing turn-around time and improving productivity. I would like to urge BEDCO and its stakeholders to take full advantage of this facility,” he said.

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