LRA, BEDCO and Standard Lesotho Bank Join Hands to Address Youth Unemployment FeaturedWritten by Eric Ntlaloe
According to the Central Bank of Lesotho (CBL), of the estimated 7,500 graduates who enter the job market every year, over half are unemployed. This startling reality paints a picture of a bleak future laced with despair in the minds of our otherwise educated, talented and motivated young graduates with immense but untapped potential to make a meaningful contribution in the economic growth of Lesotho.
In an attempt to arrest poverty that is exacerbated by rising youth unemployment, particularly educated youth, the Basotho Enterprises Development Corporation (BEDCO), in collaboration with the Lesotho Revenue Authority (LRA) and the Standard Lesotho Bank have joined efforts to assist young unemployed graduates within the ages of 21 to 35 to become employers and drivers of economic growth by becoming entrepreneurs in a project called Bacha Entrepreneurship Project.
The project is intended to build a crop of youngentrepreneurs who can break the barriers to become job creators, not job seekers. The three partner organisations are calling for viable,sustainable and profitable business proposals that will be financed for a total of M500, 000. 00 for as start – up capital for the three winning
business proposals.................download the attached pdf file(Full page) to continue reading.