Factors constraing agribusiness growth in Lesotho

Factors constraing agribusiness growth in Lesotho

Author: 
Mohlehli, G. M. and Rantlo, A. M.
Abstract: 

The purpose of this project was to identify the factors constraining agribusiness growth in the Maseru district. Primary data from 10 owners/managers of agribusiness enterprises were selected for the study, and were analysed using descriptive analysis and empirical probit models. The results indicate that majority of the respondents were females (60%), aged between 40-49 years (50%), majority of the forms of agribusiness enterprises were sole-trade enterprises. The results also showed that majority (70%) had secondary education. Parameter estimates from the empirical probit model showed market access, credit access, technology, and business plan have an impact on the growth of agribusiness in the Maseru district. Moreover, the results indicated that infrastructure and culture have no impact on the growth of agribusiness in the Maseru district. The paper recommends that access to markets should be addressed by appropriate intermediary and private institutions interface with growing agribusinesses, short courses should be provided to owners/managers, andprovision of support through training activities, and business counselling to the owners/managers

Paper No: 
765