Deadline: August 28, 2026
The project focuses on promoting entrepreneurship, supporting the growth of youth-owned enterprises, providing business development support, offering mentorship, improving access to opportunities that enhance sustainability and job creation, fighting unemployment and poverty by creating business opportunities for unemployed youth, strengthening entrepreneurial culture among young Basotho aspiring entrepreneurs, funding bankable business ideas of potential Basotho unemployed youth, and contributing to economic growth through the creation of business enterprises.
The Bacha Entrepreneurship Project is implemented by the Basotho Enterprises Development Corporation (BEDCO) in partnership with the Revenue Services Lesotho (RSL) and the Standard Lesotho Bank (SLB). The initiative is designed to address poverty linked to rising youth unemployment by encouraging young people to become entrepreneurs.
The project assists unemployed youth aged 21 to 35 in starting their own businesses and aims to develop a generation of entrepreneurs who can become job creators instead of job seekers.
The partners invite viable, sustainable, and profitable business proposals with a total start-up capital of M1,000,000.00.
The project is open to Basotho youth aged 21 to 35 who have completed the Cambridge Overseas School Certificate (COSC) or the Lesotho General Certificate of Secondary Education (LGCSE) and above. It also welcomes aspiring entrepreneurs, start-up businesses, and registered or non-registered businesses operating in Lesotho.
Applicants must be business owners with no formal employment or not currently enrolled in school. Proposals are also accepted from start-ups led by eligible youth seeking funding for expansion.
Submitted proposals will be evaluated based on innovation, feasibility, a strong business case, and sustainability.
For more information, visit BEDCO.
