Lesotho

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Analysis

Analysis:

PROFILE: LESOTHO

 

Since Lesotho is the leading supplier of textile and garments in sub-Saharan Africa, diversification will chiefly be pursued in this sector. Lesotho’s strategy is to shift its production towards higher-value items, in particular woven and knitwear. These are relatively low volumes with very short delivery periods, which put East and South Asian competitors at a disadvantage. In addition, the authorities are keen to revive Lesotho as a significant supplier for regional markets, particularly South Africa. Canada is also a potential market for Lesotho’s textiles, but retailers require smaller quantities than Lesotho’s factories are set up to produce. This presents opportunities for small- and medium-sized enterprises (SMEs) to link with large exporters through sub-contracting, and the larger exporters are also considering some adjustments to their production lines to meet these requirements.

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Profile

Profile:

PROFILE: LESOTHO

 

- Timeline

- Political structure

- Population,

- Education  

- Health

- Welfare

- Main cities

- Languages spoken

- Media

- Economy

- Agriculture

- Industry and manufacturing

- Tourism

- Mining,

- Hydrocarbons

- Energy

- Financial markets

- Banking and insurance

- Time

- Geography

- Climate

- Dress codes

- Entry requirements

- Health (for visitors)

- Hotels

- Credit cards

- Public holidays

- Working hours

- Telecommunications

- Electricity

- Social customs and useful tips

- Security

- Getting there

- Getting about

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Key Facts

Key Facts:

Key Facts
Official name: Kingdom of Lesotho
Head of State: King Letsie III (since 7 Feb 1996)
Head of government: Prime Minister Pakalitha Mosisili (ABC) (sworn in 17 Mar 2015)
Ruling party: Coalition led by Democratic Congress (DC), with Lesotho Congress for Democracy (LCD), and a number of small parties (from March 2015)
Area: 30,355 square km
Population: 1.91 million (2014)*
Capital: Maseru
Official language: Sesotho and English
Currency: Loti (maloti, plural) (L) = 100 lisente; has parity with the South African rand, which is legal tender.
Exchange rate: L13.77 per US$ (Sep 2015)
GDP per capita: US$1,130 (2014)*
GDP real growth: 2.17% (2014)*
GDP: US$2.16 billion (2014)*
Inflation: 3.86% (2014)*
Balance of trade: -US$1.04 billion (2013)
* estimated figure















 

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