Mandate and Functions

 

The Basotho Enterprises Development Corporation (BEDCO) is a parastatal of the government of Lesotho that was established by an Act of Parliament: BEDCO Act No.9 of 1980 (as amended) mandated “to promote the development of Basotho-owned enterprises and of Indigenous entrepreneurial skills and for connected purposes.”

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BEDCO fulfills this mandate through facilitating the establishment and growth of Micro, Small and Medium Enterprises (MSME)s by performing the following functions:

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• Provision of business development support services.

• Promotion and entrenchment of an entrepreneurial culture in Lesotho.

• Facilitation of the establishment of incubation services.

• Advocacy for an enabling regulatory framework and appropriate licensing regime for MSME.

• Facilitation of access to finance and markets