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National Development Corporation Strategic Plan (LNDC 2018-2023).

Country/Territory
Lesotho
Document type
Date
2018
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Waste & hazardous substances
Keyword
Agricultural commodities Agricultural development Aquaculture Cooperative/producer organization Data collection/reporting Ecofriendly products/ecofriendly processes Ecological production/organic production Governance Processing/handling Business/industry/corporations Internal trade International trade Poverty Protection of environment Smallholders/peasants Standards Waste management Waste non-domestic sources
Geographical area
Africa, AFRICA FAO, Landlocked Developing Countries, Least Developed Countries, Southern Africa
Entry into force notes
2018 - 2023.
Abstract

This National Development Corporation Strategic Plan is a 5-year nationwide cross-sectoral document aiming at (i) implementing economically sound investments with positive social impact on the communities and the local entrepreneurs, and (ii) reducing negative effects on the environment. As for its mandate, the purpose of the Lesotho National Development Corporation (LNDC) is to initiate, promote and facilitate the development of manufacturing and processing industries, mining, and commerce in a manner calculated to raise the level of income and employment in the country. Thus, this document aims to achieve the LNDC Vision of being a catalyst for a diversified, globally competitive economy, underpinned by manufacturing and high-tech agro-processing industries. The Plan aims to achieve 5 main goals, each of which, within it, contains a series of strategic objectives, as follows (1) building customer-centric culture (improve the accessibility of the Corporation’s products/services to investors; improve the speed and quality of decision-making; improve the Corporation’s and national image to national and global stakeholders); (2) institutionalize a sustainable and impact investing ( reduce the negative environmental impact of LNDC’s investments; deepen social impact in LNDC’s investments; enhance the Corporation’s financial sustainability); (3) diversify the industrial output and market destinations (initiate, promote and facilitate investments into manufacturing and high-tech agro-processing industries and related supply chains; expand productive capacities of both domestic and foreign export-oriented firms; strengthen the market access for both domestic and foreign export-oriented firms); (4) mobilize funding for economic diversification (design and set up financial instruments to facilitate economic diversification; expand financial assistance to organizations and projects in furtherance of the Vision of the Corporation); (5) develop the right talent to drive economic diversification (develop the managerial and technical talent to facilitate the Corporation’s diversification initiatives).

Full text
English
Website
www.lndc.org.ls