The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Lesotho  
Rank: 120 · Score: 15.6  

Basic facts        
Population (millions) 2.3   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 2.3   M&A volume (quartile) Bottom
GDP per capita (US$) 1,016.8   Venture capital investments (quartile) Bottom
GDP growth (per cent) 2.2   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 120 5, 5, 5, 5, 5 15.6
1 Economic Activity 124 0, 1, 1, 1, 1 17.0
2 Depth of Capital Market 122 10, 9, 8, 8, 3 4.1
3 Taxation 97 32, 29, 28, 27, 28 72.4
4 Investor Protection and Corporate Governance 88 41, 39, 37, 37, 37 54.6
5 Human and Social Environment 89 52, 40, 40, 37, 36 26.3
6 Entrepreneurial Opportunities 119 3, 5, 5, 5, 6 18.4


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Lesotho  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Mali 63.9 7.6 72.3 35.5 24.7 17.2
Mozambique 63.5 7.1 54.5 28.5 16.7 26.8
Benin 65.5 4.7 56.3 42.4 32.6 19.6
Lesotho 17.0 4.1 72.4 54.6 26.3 18.4
Angola 62.4 4.3 79.9 39.7 13.9 10.7
Burundi 45.8 3.9 67.2 33.6 16.7 7.6
Mauritania 52.1 3.5 79.5 39.1 19.3 6.3
Last updated: 4 Nov 2023