In a move aimed at empowering Basotho entrepreneurs, the National Assembly has urged the government to implement the Business Licensing and Registration Regulations, 2020 without further delay. The resolution was adopted on Friday, 17th May 2024, following a heated debate in the house.
The Clerk to the National Assembly, Advocate Fine Maema, communicated the resolution to the Principal Secretary of Trade, Industry, and Business Development on 23rd May 2024. The communication, made under the mandate of Standing Order no. 105, requires the concerned ministries and departments to take action and report back to the House within thirty (30) days.
The motion, presented by Hon. Thabiso Lekitla, expressed disappointment over the non-implementation of the regulations, which are designed to support and empower local entrepreneurs. The House’s resolution read: “That this Honourable House, having allowed the Business Licensing and Registration Regulations, 2020, expresses its disappointment on non-implementation of the Regulations which intend to empower Basotho entrepreneurs, and accordingly urges the Government of Lesotho to implement the Regulations with immediate effect, and without any alteration.”
The urgency of the resolution reflects the Assembly’s commitment to fostering a conducive environment for business growth and development in Lesotho. By ensuring the swift implementation of these regulations, the government aims to streamline the business licensing and registration process, making it easier for Basotho entrepreneurs to operate and thrive.
The resolution has been forwarded to the Hon. Minister of Trade, Industry, and Business Development, as well as the Hon. Deputy Prime Minister and Leader of the House, highlighting the importance and urgency of this matter.
The business community and other stakeholders are keenly watching the government’s next steps, hoping for prompt and decisive action that will finally bring the much-needed regulatory changes to fruition. The National Assembly’s call underscores a broader commitment to economic reform and support for local businesses, which are vital for the nation’s economic growth and development.
