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Basotho Enterprises Development Corporation (BEDCO) is a parastatal of the Lesotho Government. It started its operations in 1975 as the subsidiary company of Lesotho National Developments Corporation (LNDC).
It was established as a parastatal in 1980 by an ACT of Parliament, ACT NO.9 of 1980 as amended. |
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Nature of Work
"The purpose of the corporation is to assist in the establishment and developments of Basotho-owned business enterprises with particular emphasis on the promotion of indigenous entrepreneurial skills."
BEDCO assists the small scale enterprises in the following fields:
- Enterprise establishment and development
- Technical and business management training to entrepreneurs and trainees in the various programmes.
- Counseling assistance to entrepreneurs in all managerial skills
- providing entrepreneurs with technical know-how for quality control, design and marketing products.
- Providing advisory service to entrepreneurs.
- Provision of workspace by means of renting work units at subsidized rental rates in all estates.
- Providing "common workshop" facility where industrialists can hire machinery and get assistance at reasonable charges.
- Providing a huge timber yard where wood material and accessories can be bought at reasonable prices
- Running a "production workshop" that can be visited by entrepreneurs to get knowledge of modern furniture production and to promote furniture made by Basotho.
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