According to the Minister of Development Planning, Tlohelang Aumane, the target was the outcome of the Lesotho Economic Labs that were held for 10 weeks between February and April with participation of over 399 project owners. The labs were initiated to meet the objectives of key priority under the National Strategic Development Plan (NSDP). NSDP carries an obligation to promote inclusive and sustainable economic growth and to generate employment via the private sector.
The aim of these labs was to ascertain the strategic direction for each sector by assessing the industry landscape, its challenges and opportunities, as well as identifying prioritised initiatives that will enable and promote growth in these sectors, thus unlocking investments and creating employment.
Stakeholders from the public and private sectors were mandated to mobilise investments into four prioritised sectors of agriculture, manufacturing; technology, and innovation; and tourism and creative industries.