BOTHA-BOTHE – The Minister of Finance Dr Moeketsi Majoro says the completion of 16 factory shells at the Ha Belo factory site in Botha-Bothe will create 14 500 jobs for Basotho.
business
Feb. 2, 2020
1 min read
Minister tours Belo industrial site
Minister of Finance Dr Moeketsi Majoro
Dr Majoro was speaking on Friday during a site visit at the site where he was accompanied by his trade and industry counterpart along with a crew from the Lesotho National Development Cooperative (LNDC).
The minister said in the past years, financing the Belo and Tikoe industrial sites had always been postponed, adding the projects were only considered for financing in the past financial year. He said upon completion of construction of the shells, local entrepreneurs would be given the opportunity to finish building the remaining shells which are 51 in number.
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For his part, the chief executive officer of LNDC Mr Mohato Seleke said the association was involved in the fight against the high rate of unemployment in Lesotho. He said part of project was financing the Tikoe industrial area which cost around M450 million. The resident engineer at the site Mr Belayner Girma said progress at the site was at about 55 percent with roads construction at 65 while the shells were at about 65 percent to completion.
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