Remittances prop up Lesotho's economy
As a landlocked country, Lesotho finds itself dependent on its neighbours for trade, foreign currency and even jobs. Almost half the population is working outside the country and sending money home to support their families.
These remittances now account for 30% of the local economy and often do much more for Lesotho than foreign investments or aid.
But in a time of volatile markets, can Lesotho continue to rely on remittances to prop up the economy? Jessica David-Preyser went to find out more for Africa Business Report.
Duration:
This clip is from
More clips from 24/02/2017 GMT
-
Dr Pakalitha Mosisili; 'Lesotho is good for investment'
Duration: 05:33
-
Lesotho's 'pilot' fruit and flower farm
Duration: 02:29
-
'Our textiles use symbols of Lesotho'
Duration: 02:22
More clips from Africa Business Report
-
How is Uber doing in Africa?—25/05/2018 GMT
Duration: 03:26
-
Ethiopia's foreign currency shortage—25/05/2018 GMT
Duration: 02:47
-
Nigeria's reservation on free trade deal—25/05/2018 GMT
Duration: 03:09
-
Zambia's mobile phone street sellers—25/05/2018 GMT
Duration: 02:12