Lesotho’s Prime Minister, Dr Motsoahae Thomas Thabane officially opened the Maseru shopping mall, costing over M400 million (US$45.6 million), in the capital, on Wednesday night.
The mall, which will be fully operational in February 2013, has offered jobs to more than 1000 people who will work for mostly South African subsidiaries, such as Kentucky Fried Chicken, Game, Woolworths and Truworths.
Speaking at the occasion, Dr Thabane said the introduction of the mall is yet another indication that Lesotho is on the right track for economic growth, and he called on all to celebrate the achievement.
“The coalition government is committed to creating an enabling environment for economic growth through stability, peace, good governance and respect for the rule of law,” he said.
He commended investors of the mall, saying hunger is the worst enemy and through the mall hunger will be alleviated as more than 1000 people will get jobs.
On behalf of investors, the Principal Officer for the Public Officers’ Defined Contribution Pension Fund, Mr. Thabo Thulo said his office has so far collected over M2 billion (US$228 million) from members who are public servants, therefore, they found it befitting to invest locally for the benefit of the locals as well as to ensure collection of more returns.
Other local investors include Metropolitan Lesotho, which is an insurance group.
Source African Press Agency
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