9.4 C
Maseru
May 18, 2024
News

RESERVED BUSINESSES STILL IN FOREIGNERS’ HANDS

Maseru, Aug.02 — Maseru Chamber Commerce and Industry (MCCI) says there is no sign of implementation of Schedule 16 of Legal Notice No.69 of 2020 in which about 47 businesses were to be reserved for Basotho nationals only thus not be in the hands of foreigners.

The 47 reserved businesses included among others motor dealership, mobile food services and other food services, hair dressing, clearing agent, real estate agency, retail of bread and confectionery products, sale of motor vehicles parts, sale of alcoholic beverages(off-sale,taverns,public bars), metal waste / scarp, sale of animal feeds, fast food activities, sale of second hand goods, shesanyama, sale of fruits and vegetables and pharmaceuticals to mention a few.

In 2022, the government of Lesotho through the ministry of Trade and Industry as part of adhering to Basotho’s cry gave the foreigners notice from August 01, 2022 to August 01, 2023 to prepare for transition from such businesses reserved for Basotho. Thus business licenses expiring between the said period will not be renewed and new licenses will also not be issued. . .

Related posts

GOVERNMENT HOSTS DIASPORA EVENT

LENA

POLICE ADVISE PEOPLE TO SEEK HELP

LENA

JAILED FOR STEALING FROM CHINA GEO

LENA

Leave a Comment