The Basotho Enterprises Development Corporation (BEDCO) is a parastatal of the Government of Lesotho, which was established by the BEDCO Act No. 09 of 1980 as amended. The mandate of BEDCO as conferred by the Government of Lesotho, is to establish and develop indigenous Basotho-owned enterprises.
Where does BEDCO come from?
BEDCO was established by the Government of Lesotho to grow domestic entrepreneurs, following a realisation that a weak private sector is a major setback to job creation. The Government then was driven by the quest for private sector development to ensure that Lesotho’s job creation and the resultant economic development is driven mainly by a strong private sector. This is a trend everywhere else as the realisation of the private sector is fast gaining momentum. This has resulted in creation of independent ministries of small business development by governments.
Intent is to ensure that the private sector, particularly the micro, small and medium enterprises (MSMEs) get their deserved recognition in as far as policies, laws and also budgets are concerned. Lesotho has not been spared from this development as it created the Ministry of Small Business Development, Cooperatives and Marketing in 2015. This was to cater for the historically abandoned sector, that of MSMEs.
MSMEs play a major role in the economic development of every country as an engine for economic development. BEDCO’s niche is in MSME development through interventions such as business training, business coaching, business advisory, business entrepreneurship and business counseling.
To become a partner of choice in enterprise development
To build sustainable enterprises contributing to national economic growth
We are driven by these shared values in all what we are doing:
• Accountability to the public
• Responsiveness to the people we serve
• Sensitivity to the sustainability of our planet and
• Professionalism and transparency in all our dealings
Services that BEDCO provides
• Business Training (technical and soft skills)
• Business coaching
• Business advisory
• Business mentourship
• Business counseling
• Business incubation
• Market access facilitation
• Finance Access facilitation
• Product market facilitation
• Business plan appraisal