Lesotho National Development Corporation (LNDC) has rolled out the second disbursement to cover 78 companies employing about 50, 000 workers.

Lesotho National Development Corporation (LNDC) has rolled out the second disbursement to cover 78 companies employing about 50, 000 workers.

Some of the factory workers have confirmed receipt of such allowances in their bank accounts, and according to a press statement from the LNDC, the second disbursements of the subsidy to the beneficiaries have been effected from Monday.

The Corporation says it acknowledges and applauds the support rendered by the key stakeholders including the financial institutions, the employers and unions in the facilitation of the payments to the beneficiaries.

It further says the manufacturing sector is a significant contributor to Lesotho’s economy in terms of private investment inflows, export or forex earnings, taxes, and employment.

It said the Government continues to pledge its full commitment to lessen to the extent possible, the economic impact of COVID-19 pandemic to this sector.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: