MASERU – Lesotho’s efforts to attract investment from its citizens and people of Basotho descent living abroad will require sustained engagement, reliable data and continuous research, a diaspora investment expert has said.
Ecomic Commission for Africa (ECA) expert, Mr. Wiseman Magasela said meaningful investment could not be achieved without first establishing consistent dialogue with the diaspora and building the trust necessary for people to commit their financial resources to the country.
He stressed that Lesotho must first know who makes up its diaspora, where they are located and what they do, noting that not everyone living outside the country should automatically be classified as part of the diaspora.
He explained that many Basotho living in South Africa are migrant workers, while the broader concept of diaspora also encompasses people across the world who trace their roots to Lesotho.
This distinction, he said, is important in developing appropriate policies and investment mechanisms that respond to the different circumstances and needs of Basotho living abroad.
Mr. Magasela further called for continuous research to ensure that diaspora engagement remains relevant and responsive to changing circumstances.
He proposed measures such as conducting online surveys twice a year to gather information on the concerns, experiences and emerging needs of the diaspora.
According to Mr Magasela, such information would enable policymakers and other stakeholders to strengthen investment frameworks and create conditions that encourage greater participation by Basotho living abroad.
He said the ultimate goal should be to mobilise the children and grandchildren of the nation who are living outside Lesotho to contribute to the country’s economic and social development.
Mr Magasela emphasised that diaspora investment should therefore be viewed not simply as a financial opportunity, but as a long-term relationship that requires trust, accurate information and continuous engagement.
Diasporas help develop both their host countries and their home country, Lesotho. They send remittances that support families, reduce poverty, and help during crises. They also gain skills, technology, and new ideas abroad that can be used for national development. Many invest in businesses that create jobs and grow the economy. Diasporas also represent Lesotho abroad and build important connections that benefit the country.
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