country | Lesotho

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South Africa to the rest of SADC Remittance Pricing report

In the South Africa to the rest of SADC Remittance Pricing report, presented are the findings from a mystery shopping exercise designed to evaluate the current price of remitting from South Africa to other Southern African Development Community (SADC) nations. However, we also included insights into regional regulatory environments and product innovation currently shaping SA […]

SADC FI
SADC Payments and Remittances
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SADC Remittance Values and Volumes 2020 report

Remittances are also an important component of access to finance. Informal remittance markets in many countries are well established but often expose the remitter to delays and the risk of theft and other losses. Formalising these markets is central to the wider objective of improving access to finance in the region, which is central to […]

SADC FI
SADC Payments and Remittances
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The First SADC Gender Workshop Report

SADC Secretariat, SADC Banking Association, FinMark Trust, FSD Mozambique, FSD Tanzania, FSD Zambia and Graça Machel Trust convened a 2-day SADC regional gender workshop which brought together key stakeholders in the women’s financial inclusion agenda including financial sector regulators, ministries of gender/women’s affairs, ministries of finance, private sector, development partners, gender and financial inclusion experts […]

SADC FI
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The Fourth SADC Financial Inclusion Forum Report

The fourth SADC Financial Inclusion Forum was held this year to further advance the aspirations of the SADC Strategy on Financial Inclusion and SME access to finance. This year’s Forum was held on the 24 – 25th July 2019 at Sandton Convention Centre, Johannesburg South Africa under the theme “From Strategy to Implementation”. This forum […]

Deepening Financial Inclusion
SADC FI
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Measuring Progress: Financial inclusion in SADC – 2019...

The MAP country implementation is a key pillar of the SADC Financial Inclusion strategy, implemented with the SADC Secretariat and the SADC Committee for Central Bank Governors (CCBG). The SADC CCBG as part of the 2020 strategy committed to a repository of statistics to measure domestic and regional financial inclusion on the basis of our […]

SADC FI
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SADC Financial Inclusion – Measuring progress

The SADC Financial Inclusion programme at FinMark Trust (FMT) has been compiling monitoring information on financial inclusion indicators in selected SADC countries since 2017. This activity is in partnership with the UNCDF, as part of the SADC Making Access Possible (MAP) programme, which supports financial inclusion through a process of evidence-based country diagnostics leading to […]

SADC FI
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Measuring Progress: Financial inclusion in SADC – 2018...

Financial inclusion is a means to an end – the end being improved household and individual welfare and a positive impact on those activities that contribute to production and economic growth. The latter in turn can have a positive impact on further financial sector development. Access to financial services is highlighted in many of the […]

Deepening Financial Inclusion
SADC Consumer MAP
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Top six insights on Gender from FinScope data across the SAD...

FinScope data analysis has revealed many insights on gender. The analysis shows high levels of exclusion for women in Southern African Development Community (SADC) with a recorded 35% of women excluded, compared with 30% for men. This reflected a gender gap of 5% compared to the global gender gap of 7%. Some of these gender […]

FinScope
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Shoprite Lesotho cross-border remittance product achieves R1...

The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a person sends money, usually small […]

SADC Payments and Remittances
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Shoprite Lesotho Cross-border remittances

Media release: Shoprite Lesotho cross-border remittance product achieves R1 billion mark The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the […]

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Hackathon: 2018 Lesotho SIMM Hackathon Report

Access to formal and semi-formal financial services is limited in Lesotho, especially for low-income and rural populations. The majority of Basotho are excluded from the formal credit system, while restricted accessibility and high pricing of banking products further limits uptake. The Lesotho Government has identified a lack of access to financial services as a major […]

SADC FI
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Lesotho MAP Roadmap 2014 – 2020 Report

This roadmap document is produced as part of a series of documents in the Making Access Possible (MAP) Lesotho initiative. MAP Lesotho was conducted as a result of a formal request by the Government of Lesotho, via the Ministry of Finance in August 2013. The MAP project is formally hosted by the Ministry of Finance, […]

SADC Consumer MAP
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SADC Mobile Money Guidelines

Mobile Money has evolved as a utility to provide financial services largely to the unbanked population. Its success in certain emerging markets and countries with unsophisticated banking infra-structure has been unprecedented. The aim of the project is to develop Mobile Money guidelines to assist SADC Member States with principles to facilitate the harmonisation of their […]

SADC FI
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Jump-starting mobile money innovation for the advancement of...

A financially inclusive system serves every individual’s needs by empowering them to manage liquidity, achieve goals and face shocks, ultimately contributing to an improved quality of life. The use of formal financial services is limited in Lesotho, particularly for low-income and rural populations (69% of Basotho adults are estimated to live in rural areas [1]). […]

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The Impact of Remittances in Lesotho, Malawi and Zimbabwe

Households in sub-Saharan Africa have a long tradition of cross-border migration and associated remittances. During periods of economic or political instability, or simply when opportunities at home are scarce, the funds remitted by migrants are a lifeline that can help keep food on the table, children at school, and roofs over heads. However, from an […]

SADC Payments and Remittances
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FinScope MSME Survey Lesotho 2016 Pocket Guide

FinScope MSME Lesotho was designed to involve a range of stakeholders engaging in a comprehensive consultative process, thereby enriching the survey and ensuring appropriateness and buyin. The Ministry of Small Business Development, Cooperatives and Marketing (MSCM) is grateful to all individuals who participated in this project, including the steering committee (SC) constituting of Ministry of […]

FinScope MSME
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New Facts and Figures from FinScope MSME Survey Lesotho 2016

Maseru, 03 November 2016: FinMark Trust (FMT) in conjunction with the Ministry of Small Business Development, Cooperatives and Marketing; and the Ministry of Finance released the results of the FinScope Micro, Small and Medium Enterprises (MSME) Survey Lesotho 2016 survey results today. This was the first FinScope MSME Survey conducted in Lesotho. The FinScope MSME […]

FinScope MSME
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Agricultural Subsidies in SADC Countries

FinMark Trust has commissioned this research as part of its broader mandate to improve financial inclusion of the poor. In this case, given the significance of the agricultural sector in most Southern African Development Community (SADC) countries, the stated purpose has been to assist SADC and SADC states to make informed decisions regarding the payment […]

FinScope