Lesotho - Economic diversification support technical assistance project


Project Summary

Approval Date 20 Dec 2017
Signature Date 01 Feb 2018
Planned Completion Date 06 Jun 2022
Last Disbursement Planned Date 06 Jun 2022
Sovereign / Non-Sovereign Sovereign
Sector Industry, Minning & Quarrying
DAC Sector Code 32110
Commitment U.A 668,693.45
Status Implementation

Project General Description

The Economic Diversification Support Technical Assistance Project (EDSTAP) is designed by the Governement of Lesotho through the Lesotho Chamber of Commerce and Industry (LCCI) with the support of the African Development Bank Group. The project will be implemented over a period of three years between March 2018 and June 2021. It has four (4) components: (i) Institutional Assessment of Business Associations needs, capacity, relevance, delivery and Networking of Stakeholders; (ii) Development of shared services and Business Development Support; (iii) Strengthening Private- Private and Private-Public Dialogue; (iv) Project Management and Coordination.

Project Objectives

The overall development objective of this project is to strengthen and build an inter-dependent ecosystem of Small, Medium, and Micro Enterprises (SMME) Associations that would contribute towards creating a diversified and competitive economy. The specific objective of the project is to improve the institutional capacities and effectiveness of business associations and networks in Lesotho by improving partnerships, entrepreneurship, skills development, cooperation among Basotho entrepreneurs to meaningfully participate in national and sectoral policy dialogue, and facilitating peer learning, networking and exchange of experience and information on enterprise development in Lesotho.

Beneficiaries

The main beneficiaries of the project are the Small, Medium, and Micro Enterprises (SMME), the Private- Private, business associations, etc.

Participating Organization

Funding
Fund for African Private Sector Assistance
Implementing
Lesotho Chamber of Commerce and Industry (LCCI)

Information

IATI identifier 46002-P-LS-BZ0-001
Last Update 31 Oct 2019

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Contact Details

Email fapa@afdb.org

Geographic Location

Country Lesotho