Yesterday, the Lesotho National Development Corporation (LNDC) held an engaging session with industrialists to present its draft strategy and gather feedback from key stakeholders. The meeting provided a platform for industrial leaders to share perspectives on business challenges, regulatory frameworks, and growth opportunities. LNDC emphasized the importance of collaboration, noting that inputs from industrialists will be carefully considered as the draft strategy is refined. The session marked a significant step toward aligning LNDC’s future approach with the needs of the private sector and ensuring that execution, not just planning, drives measurable results.
During the discussion, participants explored the role of regulation in unlocking and improving business processes. LNDC’s CEO highlighted that effective execution will be critical for achieving sustainable industrial growth, stressing that the strategy represents a departure from past practices. “This will not be business as usual,” the CEO noted, emphasizing that the organization intends to move from a traditional regulatory role toward a more collaborative, partnership-driven model. Industrialists responded positively, noting that clear regulatory frameworks and predictable processes are essential for attracting investment and enhancing competitiveness.
The morning session concluded with a clear message from LNDC’s leadership: “We no longer want to be your nanny, but your partner. Let’s drive this strategy together.” This statement underscored a shift in approach, positioning LNDC as a facilitator and ecosystem architect rather than a sole implementer. By working alongside industrialists, LNDC aims to co-create solutions that enhance operational efficiency, stimulate investment, and strengthen the industrial sector. Participants highlighted the need for an integrated ecosystem where private sector, government, and development partners collaborate to achieve long-term impact.
The day also included meaningful engagements with development partners and financial institutions. Discussions focused on blended finance solutions, investment pipelines, and building a strong ecosystem architecture to support industrial growth. LNDC emphasized that sustainable development requires coordinated efforts across stakeholders, combining public and private resources to maximize impact. A key takeaway from these interactions was captured in the proverb shared during the session: “If you want to go fast, go alone. If you want to go far, go together.” This philosophy reflects LNDC’s evolving role in fostering partnerships to achieve lasting industrial development.
Through these consultations, LNDC is demonstrating a clear strategic shift from being a sole regulator to becoming a facilitator of collaborative growth. By incorporating feedback from industrialists, development partners, and financial institutions, the organization aims to implement a strategy that is practical, inclusive, and capable of driving sustainable industrial transformation. The engagement signals LNDC’s commitment to creating an enabling environment where businesses can thrive, investment is streamlined, and the industrial sector contributes meaningfully to Lesotho’s broader economic development.
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