Its economy is based on agriculture, light manufacturing, and remittances from miners employed in South Africa. Manufacturing depends largely on farm products which support the milling, canning, leather, and jute industries. Recent foreign investments will enable Lesotho to export garments made from imported textiles. Although drought has decreased agricultural activity over the past few years, completion of a major hydropower facility in January 1998 now permits the sale of water to South Africa and will support the economy's continued expansion. The pace of the privatization of state-owned firms increased toward the end of 1994.
All information is subject to change at any time.
Global Direct Corp. assumes no liability for the use of the database or activities of its franchisees. Global Direct is growing rapidly through interaction with our visitors from all over the world. Many of us have mother tongues other than English. Please help us to improve our use of the language by reporting any problems or spelling errors to Mr. Language . He's here to help.