Sekhametsi

This is embodied in our mission statement: To become a globally sought after, ethical wealth creation vehicle for the Basotho nation, which embraces innovation, accountability & due prudence in all its dealings. We forecast that the market capitalization shall grow from the existing M1.2 billion to M5 billion by 2026.

In the late 1990s, the Government of Lesotho embarked on a Privatisation Programme that saw the state selling off its stakes in various companies. The government’s 12 percent stake (with an option to buy further 8%) in Vodacom Lesotho was one of the assets on offer.
At the time Vodacom Lesotho was a small mobile network operator with approximately 19 000 subscribers. The offer led to a moment of inspired thinking by a few dozen Basotho who dared to dream big and toiled over the years to make that dream a reality. The commitment resulted in a journey of overcoming seemingly insurmountable challenges, discipline, delayed gratification and playing by the book.

Through solicitation and lobbying, Sekhametsi grew to 200 individuals and 6 investment clubs. Sekhametsi made a formal purchase offer to the government’s Privatisation Unit, and was selected as the preferred bidder; and so Sekhametsi gained its first stake in Telecoms giant Vodacom. 20 years on, the consortium expanded its investment portfolio and boasts interests in property, financial services, and textile manufacturing. Sekhametsi is the largest locally owned company in Lesotho and achieved the M1Billion valuation mark in 2020.