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Kingdom of Lesotho - eGovernment Infrastructure Phase II - Project Appraisal Report

18-Oct-2019

The objective of the project is to drive digital finance and financial inclusion by improving access to reliable digital Services, particularly among citizens living in rural and unserved areas. The aim is to provide access to a diverse range of financial products and services for individuals as well as small, medium and large businesses through the expansion of digital infrastructure and services, which will lead to creating jobs, and contributing to Lesotho’s economic growth. Specifically, the project shall: increase data enabled coverage in rural and unserved areas; improve financial inclusion among unbanked citizens in Lesotho by developing digital payment infrastructure and strengthening digital services ecosystem and improve government skills to oversee and implement ICT initiatives. The total estimated cost of the project is USD 17.53 (UA 12.63 million). It is proposed to meet the cost through an ADF loan (UA 10.11 million) and Grant (UA 0.07 million) to the Kingdom of Lesotho, and counterpart funding is LSL252.32 million (UA 2.45 million) which is 19.39 % of the total project cost from the Kingdom of Lesotho.

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