Ministry  issues 5 new wool  licences

Ministry issues 5 new wool licences

MASERU – THE Ministry of Small Businesses has granted wool and mohair brokerage licences to five companies, Minister Chalane Phori told a press conference yesterday.
Phori said the interviews for the companies were held early this week.
He said the cabinet subcommittee dealing with wool and mohair issues was behind the move to issue licenses.
Those companies are Maluti Wool and Mohair which has an auctioneering and brokering licence, OVK which also has a brokering and auctioning licence and Fraser’s Lesotho.

BKB and Highlands Veterinary Services have also been awarded licences.
Phori said the purpose of the move is to strengthen competition.
He said they believe the licences will grow the sector.
“We hope to see improvement in the value of the product,” Phori said.
The minister however said the government stands by the controversial regulations made on wool and mohair, which angered farmers across the country.
The government enacted Wool and Mohair Regulations 2018 in August last year.

He said there is now cooperation between the government and brokering companies.
“These Regulations will not change,” Phori said.
The minister said companies without facilities will speed up the process of building them so that operations take place as soon as possible.
“This is done to enhance the sale of the product,” he said.

Nkheli Liphoto

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