The Kingdom of Lesotho has invited Nigerian investors to move their operations from South Africa to its territory. Speaking at a business meeting in Abuja, Prime Minister Sam Matekane promised better security and strong support for new enterprises. The country is focusing on economic growth through industrial development, renewable energy, and infrastructure.
Market Access and Tax Benefits
Lesotho offers direct access to regional markets through trade agreements like SACU and SADC. Member state access allows local manufacturers to import raw materials duty-free for export production. To attract foreign capital, the government guarantees full profit repatriation, low electricity rates, and protection against double taxation.
Strengthening Regional Cooperation
This initiative aims to provide a safe and stable environment for foreign business owners. Officials from both countries emphasized the need to expand trade across Africa and build reliable supply chains. To support business travel and commercial links, delegates also proposed launching direct flight routes between Nigeria and Lesotho.
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