The Lesotho National Development Corporation (LNDC) is a key parastatal organization in Lesotho, playing a significant role in trade promotion and facilitation. While its primary mandate is investment promotion and industrial development, its activities inherently support and facilitate trade by strengthening local industries and helping them access markets.
Main Services and Programmes related to Trade Promotion and Facilitation:
- Export Promotion: LNDC supports local manufacturers and processors in identifying and accessing export markets for their goods. This can involve market intelligence, linking businesses with potential buyers, and participating in trade fairs.
- Industrial Development and Capacity Building: By facilitating the establishment and expansion of manufacturing and processing industries, LNDC indirectly boosts Lesotho’s export capacity. A stronger industrial base means more products available for trade.
- Infrastructure Provision: LNDC develops and manages industrial estates and factory shells, providing essential infrastructure that supports efficient production and logistics for businesses involved in trade.
- Access to Finance for Export-Oriented Businesses: Through its development finance function, LNDC can provide financial assistance to viable projects, including those with export potential, enabling them to scale operations and meet international demand.
- Policy Advocacy: LNDC engages with the government to advocate for policies that improve the trade environment, such as trade facilitation measures, customs efficiencies, and adherence to international trade agreements, ultimately benefiting exporters and importers.
- Facilitation of Joint Ventures: By fostering partnerships between local and foreign investors, LNDC can facilitate the transfer of technology and expertise, which can enhance the quality and competitiveness of Lesotho’s exportable goods.