BEDCO initiated the Youth Development Project to curb the unemployment rate of youth in Lesotho. The project also responds to pillar 1 of NSDP II: Promoting Inclusive and Sustainable Economic Growth and Private Sector-led Job Creation. It focuses on entrepreneurship development of Basotho youth and start-ups through the two main workstreams: Access to Finance and Business Incubation.
Micro Business Development
BEDCO acknowledges that enterprises in Lesotho remain informal as a result of limited information and the support required to register. Other factors include low inspection and enforcement capacity, high registration and compliance costs, and others. The Micro Business Development Project therefore seeks to provide a platform that will facilitate the registration, licensing and compliance of micro and informal business across the country. This will be done through collaborative efforts between BEDCO and relevant stakeholders.
BEDCO’s SME Development Project implements all the key activities that target the general population of small and medium enterprises (SMEs). On an annual basis, it seeks to develop and grow small businesses into medium business, medium business into large businesses