Chamber of Commerce: Eager to strengthen economic relations and investment cooperation between Kuwait and Lesotho
Kuwait City, Sept 5 (KUNA) -- The Kuwait Chamber of Commerce and Industry reaffirmed its commitment to strengthening economic ties between Kuwait and the Kingdom of Lesotho, and to expanding trade and investment cooperation in ways that boost bilateral trade volumes and foster investment partnerships.
In a press statement issued on Saturday following a meeting with Lesotho’s Minister of Foreign Affairs and International Relations, Limpho Tau, and his accompanying delegation, attended by Lesotho’s Ambassador to Kuwait, Mantabising Fohleli, the Chamber said the talks explored ways to develop economic relations between the two friendly countries and to identify opportunities for the business sectors.
The Chamber emphasized its readiness to make every effort and mobilize all resources to support bilateral cooperation through organizing business meetings, hosting exhibitions of national products, and disseminating information on trade and investment opportunities, as well as Lesotho’s investment law. It noted that these initiatives aim to raise awareness among the Kuwaiti business community about available opportunities, thereby increasing trade volumes and enhancing investment partnerships between the two countries.
The statement quoted Minister Tau reiterating his country’s interest in developing existing economic relations with Kuwait and providing further opportunities for Kuwaiti businesspeople to collaborate with their Lesotho counterparts. He pointed to investment opportunities in several key sectors, including mining and precious stones, textiles, clothing, wool, and luxury mohair, as well as food and agricultural products, livestock, poultry, and the tourism sector.
He also highlighted Lesotho’s abundant water resources, which have earned it the nickname “the water tower of southern Africa,” enabling it to enter the hydropower generation sector, and urged the Kuwaiti business community to explore these opportunities and leverage the investment potential available in his country. (End)
