Your Excellency, The Deputy Prime Minister of the Kingdom of Lesotho 

Honourable Ministers and Members of Parliament 

Members of the Diplomatic Missions 

Distinguished Guests

Ladies and Gentlemen,

The African Development Bank Group is pleased to be associated with the programme to reform the Public Utilities Sector. This programme is aimed at improving Lesotho's international competitiveness by restructuring the Electricity utility, promoting private sector participation, reinforcing the reform of the telecommunications sector as well as the development of an effective regulatory framework to oversee activities in the public utilities sector.

The reform of the Electricity Sector is designed to ensure improvements in the delivery of services, connection of more households to the national grid, promote efficient operations and strengthen the capacity of staff and management of LEC.

The achievement of the project objective will, in addition to extending the provision of electricity services to a wider segment of the population, also create opportunities for more business development in Lesotho.

The development imperatives of a country depend on the availability of -basic infrastructure and services. In this regard, we are convinced that the current programme will serve as a catalyst for the achievement of the economic, development of Lesotho.

The African Development Bank Group in association with its development partners namely, the World Bank and European Union, congratulates the Kingdom of Lesotho for initiating this project.

As the premier development finance institution in Africa, the African Development Bank Group is always available for advise, project and programme financing in the public and private sectors, and for policy dialogue. We encourage and invite you to avail yourself of this unique opportunity and facilities.

Thank you.