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Maseru
May 23, 2024
Development

DIF MEETING COMES TO AN END

Maseru, April.08—In an  effort to build sustainable development projects, the Lesotho National Development Corporation (LNDC) held a two day event which ended on Saturday for Development Financial Institutions (DFIs) from Botswana, Eswatini and South Africa.

Speaking at this event, on behalf of the Chief Executive Officer of the Lesotho National Development Corporation (LNDC) Mrs. Marina Bane this event served as a platform for developing financial institutions to build business relations, collaborate and network.

She indicated that it is also for the development financial institutions to reflect on what  efforts can be put in place  to improve the development of countries.

At the same event, Ms Boitshwarelo Lebang-Kgetsi of the Botswana Development Corporation revealed that BDC as development finance Institution founded in 1970 is a limited liability company with the Government of Botswana and was formed to promote and facilitate the development of industrial, commercial, and agricultural enterprises within the framework of the Government’s plan for economic development.

She indicated that BDC’s vision is to be an investment partner of choice in the transformation of Botswana’s economy while it also creates sustainable economic value as a strategic investor of inclusive, impactful and productive enterprises.

 Dr Mano Muthusamy of Ithala Development Finance Corporation which is based in Durban South Africa mentioned that the mission of their corporation is to reduce poverty through implementing infrastructure programmes, providing access to financial services, and
building the economy of KwaZulu Natal, with a focus on rural and township areas.

Meanwhile, in an interview with the Agency on Saturday, Corporate Communication Manager of LNDC Ms. Tiisetso Moremoholo stated  that this event is aimed at educating and communicating information on the role of development finance for the benefit of the private and public sector as LNDC works towards it mandate in supporting the extended NSDP II which seeks to boost a private sector led economy.

The Development Financial Institutions (DFIs) meetings are platforms which are used by development finance institutions to build networks which can help participating members to share ideas on building sustainable development projects.

Ends BM

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