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Lesotho

Standard Lesotho Bank hosts conference on construction

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By Mateliso Phulane

Standard Lesotho Bank is hosting a two-day conference on infrastructure and construction in Maseru.

The event seeks to lay a foundation for sustainable growth within the banking industry, thus enabling economic growth for Lesotho.

The conference which starts today compromise presentations, panel discussion as well as exhibitions by key industry players.

It is also expected to give participants an opportunity to share ideas on how to boost the infrastructure and construction sector in Lesotho.

“As the first of its kind, the conference offers a content rich session with global perspectives from renowned and well-versed leaders within the industry, with the goal of driving the development of the industry and enhancing the economic well-being of Basotho,” said the Standard Lesotho Bank Head of Business and Commercial Banking, Keketso Makara said in a statement.

He said the bank’s intention was to become a major player by providing financial solutions to the infrastructure and construction industry.

“We believe that by pioneering the Infrastructure and Construction Lekhotla, we are extending an invitation to the industry to lay a solid foundation for industry for the benefit of the wider economy and Basotho in general.

“Phase II of the Lesotho Highlands Water Project, with the construction of Polihali Dam is probably the biggest project in Lesotho in our lifetime, and if we do not participate fully and explore possibilities for Basotho businesses to gain value out of this and many other projects in the country, it will be a missed opportunity,” Makara said.

Some of the exhibitors displaying their offerings include international brands for yellow plant machinery, industrial suppliers and producers of various commodities and consumables in the construction industry.

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