A Home for En­trepreneurs

Sunday Express - - ADVERTORIAL -

In the Na­tional Strate­gic De­vel­op­ment Plan (NSDP), the govern­ment of Le­sotho aptly rec­og­nizes that Le­sotho’s growth tra­jec­tory hinges squarely on pri­vate sec­tor led eco­nomic growth. The NSDP goes on to in­di­cate that Mi­cro, Small and Medium En­ter­prises (MSMES), of­fer sub­stan­tial op­por­tu­ni­ties for job cre­ation, and there­fore, they must be lib­er­ated from the bur­den­some reg­u­la­tion and be seen to de­velop en­trepreneur­ship, busi­ness man­age­ment ca­pac­ity and tech­ni­cal ef­fi­ciency to in­crease their ef­fec­tive­ness.

This strate­gic di­rec­tion has set the tone for Stan­dard Le­sotho Bank, be­ing the lead­ing and pre­ferred fi­nan­cial ser­vices provider, to fully em­brace and ac­tively sup­port this de­vel­op­ment agenda for the coun­try, and is poised to ar­rest ram­pant un­em­ploy­ment and slow eco­nomic growth in Le­sotho. In fact, the UNDP re­ports that the rate of un­em­ploy­ment within the eco­nom­i­cally ac­tive pop­u­la­tions in Le­sotho is around 28.7%. The sit­u­a­tion is even more alarm­ing where it has also been es­tab­lished that youth un­em­ploy­ment ac­counts for 30.5% of un­em­ploy­ment in the coun­try.

With the launch of the Stan­dard Le­sotho Bank En­ter­prise Hub at the new Busi­ness Banking premises at Maseru Mall, that was in­au­gu­rated by the Min­is­ter of Small Busi­ness De­vel­op­ment, Co­op­er­a­tives and Mar­ket­ing, Honourable Cha­lane Phori on 8th Au­gust 2017, Stan­dard Le­sotho Bank has em­barked on a spir­ited drive to en­cour­age Ba­sotho to be­come en­trepreneurs so that we can all join ef­forts to res­cue Le­sotho from the acute lack of em­ploy­ment op­por­tu­ni­ties and the ail­ing econ­omy that we are cur­rently ex­pe­ri­enc­ing.

Min­is­ter Phori com­mended and thanked the Bank for this ini­tia­tive and pointed out that, “…this in­ter­ven­tion comes at a time when busi­nesses were be­gin­ning to doubt if the banking sec­tor is in­ter­ested in sup­port­ing their growth.” He said, the Bank has set the tone and demon­strated that it is as com­mit­ted as govern­ment in en­sur­ing that Ba­sotho be­come en­trepreneurs that can play a sig­nif­i­cant role in chang­ing the for­tunes of the coun­try’s econ­omy.

The En­ter­prise Hub, is a fa­cil­ity where Stan­dard Le­sotho Bank will ed­u­cate, cre­ate, em­power and de­velop cur­rent and as­pir­ing en­trepreneurs as part of our fi­nan­cial ed­u­ca­tion and fi­nan­cial in­clu­sion ini­tia­tive. Sit­u­ated at Maseru Mall, the Stan­dard Le­sotho Bank En­ter­prise Hub is where en­trepreneurs can ac­cess the fol­low­ing ser­vices free of charge: 1. In­ter­net and Wifi 2. Work­ing space 3. Per­ti­nent busi­ness in­for­ma­tion such as GDP, growth rate, exchange rates, and open ten­ders in the mar­ket, etc 4. Skills de­vel­op­ment 5. A place to meet with your im­por­tant part­ners/stake­hold­ers

To ac­cess the fa­cil­ity, book­ing is es­sen­tial. Book­ings can be done by tele­phone or email on the de­tails be­low;+266 2221 2625


Op­er­at­ing hours Mon-Fri: 8am to 5pm Sat: 8am to 12pm Closed on Sun­day & Pub­lic Hol­i­days

We are pas­sion­ate to grow your busi­ness, be­cause Africa is our home, and we drive her growth.

Te­boho Sello, Head of En­ter­prise Banking stands with the Honourable Cha­lane Phori, Min­is­ter of Small Busi­ness De­vel­op­ment, Co­op­er­a­tives and Mar­ket­ing, and lo­cal Busi­ness man and guest speaker Sam Matekane, at the open­ing of the En­ter­prise Hub.

Te­boho Sello – Head of En­ter­prise Banking, stands in the newly launched En­ter­prise Hub

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