Tuesday, November 19, 2024
12.5 C
Lesotho

The UNCTAD bridges gap between traders

- Advertisement -
- Advertisement -

By Neo Kolane

The United Nation in Lesotho will hold a UNCTAD 15 global conference under the theme ‘from inequality and vulnerability to prosperity for all’ on Thursday this week.

According to UN Lesotho, the UNCTAD 15 conference will establish the organisation’s work priorities for the next four years and formulate global policy recommendations. It presents an opportunity for developers and developing countries to jointly take bold actions to reduce inequality and vulnerability and offer hope and direction to a world struggling to recover from the COVID-19 pandemic.

“Lesotho depends heavily on trade with South Africa which was intermittently disrupted due to border closures during the COVID-19 pandemic. Whilst both formal and informal trifecta have been affected, formal, mainly medium-sized, traders have generally been able to navigate border closures and to maintain their trade routes and supply chain.

“However, informal and semi-sized formal traders have experienced much greater disruption.

“Those that have been able to maintain some trade have had to navigate more restrictive informal border crossings, which offer less protection, and thus frequently increase their exposure to vulnerability, particularly in the case of female traders,” the UN statement says.

- Advertisement -

Hot this week

Symposium unpacks role of supply chain

Standard Lesotho Bank’s head of procurement, Lesenyeho Ntsane, has...

2024 Roof of Africa promises thrills

The 55th Roof of Africa Hard Enduro will roar...

Warning over suspected toxic foods

Local lobby group, SECTION 2, says it is concerned about the possible risk...

Itjareng holds 18th graduation ceremony

Itjareng Vocational and Training Centre in Maseru held its 18th graduation ceremony yesterday, highlighting the...

Local film premieres at EU film fest

Locally produced film, ‘Li Eme Ka Lekoa’ finally made...

Topics

Symposium unpacks role of supply chain

Standard Lesotho Bank’s head of procurement, Lesenyeho Ntsane, has...

2024 Roof of Africa promises thrills

The 55th Roof of Africa Hard Enduro will roar...

Warning over suspected toxic foods

Local lobby group, SECTION 2, says it is concerned about the possible risk...

Itjareng holds 18th graduation ceremony

Itjareng Vocational and Training Centre in Maseru held its 18th graduation ceremony yesterday, highlighting the...

Local film premieres at EU film fest

Locally produced film, ‘Li Eme Ka Lekoa’ finally made...

DCEO requests declaration of assets

The Director on Corruption and Economic Offences (DCEO) has given procurement officers from all government ministries until...

RSL, SLB launch payment integration platform

Standard Lesotho Bank (SLB) and Revenue Services Lesotho (RSL) have launched a paymentsintegration solution platform in...

MCA takes stock of progress

The Millennium Challenge Account-Lesotho II(MCA Lesotho) last week gave an overview of the progress...
spot_imgspot_imgspot_imgspot_img

Related Articles

Popular Categories

spot_imgspot_imgspot_imgspot_img
0
Would love your thoughts, please comment.x
()
x