The Economic Development Board (EDB) is hosting an 8-member delegation from the Lesotho National Development Corporation (LNDC) led by Mr Sekete Pholohlo, General Manager of Investment and Trade Promotion for a two-day study tour from 14th to 15th November 2018.
The objective of this study tour is to learn about the Economic Development Board, gain insights & technical knowledge as well as understand the Mauritian context and investment landscape. It should be highlighted that the LNDC has undergone an organizational restructuring similar to the EDB in October 2016.
The LNDC delegation comprises the following members:
- Sekete Phohlo – General Manager: Investment and Trade Promotion
- Semethe Raleche – Manager, Domestic Investment
- Marina Bizabani – Manager, Foreign Direct Investment
- Mosebetsi Makumane – Projects Manager
- Raphuthing Mamoiloa – Planning and Research
- Boitumelo Adam – Human Resources Manager
- Lebohang Mohau – General Manager: Property Development and Management
- Victoria Seaton – Consultant
During the working session organised this morning, Mr. Vinay Guddye, Head of Department at EDB showcased a presentation on the successful diversification of Mauritius from a monocrop to an innovation-based economy. He has also emphasized the performance of Mauritius in the 2019 World Bank Doing Business which has ranked Mauritius 20th globally and leader in sub-Saharan Africa. Different avenues of cooperation have also been discussed including doing business, Occupation Permits and the Africa Strategy. The working session also provided an opportunity to draw lessons from challenges faced at various stages of the evolution of the institution.
As a reminder, the LNDC, operates under the aegis of the Ministry of Trade and Industry, Cooperatives and Marketing of the Government of Lesotho, is mandated to implement the country’s industrial development policies. A Memorandum of Understanding (MOU) on Mutual Cooperation was signed between the Ex Board of Investment (BOI) and the LNDC on 17th February 2015.
The study tour has provided a unique opportunity to consolidate economic ties between the two countries and create a framework for cooperation, consultation and exchange of information between both entities.