In an attempt to arrest poverty that is exacerbated by rising youth unemployment, particularly educated youth, Basotho Enterprises Development Corporation (BEDCO), in collaboration with the Lesotho Revenue Authority (LRA) and Standard Lesotho Bank calls for proposals for the Bacha Entrepreneurship Project. The project is intended to assist young unemployed holding LGCSE/COSC certificates upwards within the ages of 21 to 35 to become employers and drivers of economic growth by becoming entrepreneurs.
Standard Lesotho Bank is an authorized financial services provider and has been involved in facilitation of payments for wool and mohair farmers since the merger between Lesotho Bank (1999) Limited and Standard Bank Lesotho Limited in 2007.
Established in 2011, Enterprise Banking is a division of Standard Lesotho Bank that looks after businesses with turnovers of up to M10million and provides financial solutions to thousands of Small and Medium Enterprises across the entire country. Examples of businesses that are banked at Enterprise Banking include construction companies, retailers, suppliers, transport and plant hire, as well as service industries such as beauty and hospitality, to name but a few.
Standard Lesotho Bank is proud to announce its partnership with Lerotholi Polytechnic, through the volunteering efforts of the SECH students, investing time, skills and other resources to uplift a series of selected communities this Academic Year 2018/2019 (the students themselves do the identification).
Standard Lesotho Bank hosted a three week entrepreneurship training course for 60 SMEs to equip them with the skills in areas such as keeping of proper records, strategic growth and expose them to different electronics currently used in business.
Standard Lesotho Bank would like to congratulate the top 15 youth businesses that made it to the last stage of the Bacha Entrepreneurship Project. Further congratulations are also in order to MD Piggery (awarded M149 000), Pasa Production (awarded M173 000), Lesotho Bookings (awarded M175 000) and Wild Plants Growers (awarded M195 000).