Today marks a significant milestone for Lesotho as the country officially launches its National Financial Inclusion Strategy, aimed at expanding access to finance for all citizens. This initiative, developed through the SADC-EU’s Support to Improving the Investment and Business Environment (SIBE) project, seeks to elevate financial inclusion rates from approximately 60% to an ambitious 91%, ensuring that financial services translate into tangible improvements in livelihoods.
The strategy is designed to align with the Second Generation National Strategic Development Plan (NSDP II), reinforcing inclusive and innovative economic growth. By fostering resilience-focused financial products, it aims to empower businesses, particularly Micro, Small, and Medium Enterprises (MSMEs), to drive job creation and attract investment into the country.
Through this initiative, Lesotho is positioning itself as a regional leader in financial inclusion, enhancing opportunities for both individuals and businesses to access credit, insurance, and banking services. This effort underscores the government’s commitment to creating an enabling financial environment that supports sustainable economic development and social progress.
As implementation begins, stakeholders across the financial and business sectors are expected to collaborate in driving the success of the strategy, ensuring that Lesotho’s economy grows in a way that is inclusive, innovative, and sustainable.
