Chamber of Commerce: Eager to strengthen economic relations and investment cooperation between Kuwait and Lesotho
The Kuwait Chamber of Commerce and Industry affirmed its commitment to strengthening economic ties between Kuwait and the Kingdom of Lesotho, and to expanding areas of commercial and investment cooperation to boost bilateral trade volumes and establish investment partnerships between the two countries.
In a press statement issued on Saturday, following its meeting with Lesotho’s Minister of Foreign Affairs and International Relations, Limpho Tau, and his accompanying delegation, the Chamber noted that the talks, held in the presence of Lesotho’s Ambassador to Kuwait, Mantabising Fohleli, focused on ways to develop economic relations between the two friendly nations and explore opportunities available to the business sectors.
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The Chamber emphasized its readiness to make every effort and mobilize all resources to support bilateral cooperation. This includes organizing business meetings, hosting exhibitions for national products, and disseminating information on commercial and investment opportunities, as well as Lesotho’s investment laws.
It clarified that these efforts aim to introduce available opportunities to the Kuwaiti business community, thereby increasing trade volumes and enhancing investment partnerships between the two countries.
The statement conveyed Minister Tau’s reaffirmation of his country’s interest in developing existing economic relations with Kuwait and creating further opportunities for Kuwaiti businesspeople to collaborate with their counterparts in Lesotho.
He pointed to investment opportunities in several key sectors, including mining, precious stones, textiles, clothing, wool, and mohair, as well as food and agricultural products, livestock, poultry, and the tourism sector.
He also highlighted Lesotho’s abundant water resources, earning it the nickname “the water tower of southern Africa,” which enables the country to engage in hydroelectric power generation. He urged the Kuwaiti business sector to explore these opportunities and leverage the available investment potential in his country.
