LesothoFin

// Fatal mistake: Lesotho is entirely surrounded by South Africa. All Lesotho banks are South African subsidiaries (Standard Lesotho Bank, Nedbank Lesotho, FirstRand Lesotho). All telecoms used South African parent fintech. Ecocash Lesotho (Telecom Lesotho, SA subsidiary) had 70% of mobile money. 2.2M population, 60% subsistence farming. Entire formal economy is South African subsidiary operations.