Sunday, July 3, 2022

Letshego aspires to become Africa’s leading inclusive finance group

Letshego Holdings Limited celebrates an eighteen year history of growth, diversity and improving life across its 10 country African footprint. This is guided by the Group’s strategic intent of being recognised as Africa’s leading inclusive finance group. This commitment was reaffirmed by the Group at a gala dinner held in Gaborone on 14th July 2016, which brought together key stakeholders relevant to the business’ operations from key Ministers to industry leaders and partners from all sectors of the economy. 

 Letshego celebrated its 18 year milestone in conjunction with  jubilation for Botswana’s own upcoming 50th anniversary since gaining Independence; the engagement served as a means for celebrating the many milestones accomplished thus far as well as underscored Letshego’s commitment towards improving life. 

Financial inclusion, as Group Managing Director, Chris Low, shared, underpins Letshego’s strategic agenda. “From the moment we opened our doors in Gaborone in 1998, what has set us apart from the rest is our deliberate positioning and clear focus to cater for those who conventional institutions see as “risky”. We are humbled by, and proud of, our invaluable niche that has improved lives by servicing hundreds of thousands customers, that in turn has positively impacted their families and their communities. Through our assistance to the underserved, we are grateful to have contributed towards Africa’s development.” Low highlighted that Letshego is focused on strategic partnerships to accelerate execution capabilities. As an example, new innovative financial solutions piloted by the business currently include micro insurance, agriculture supply chain financing and asset financing. Also, he shared that Letshego has done well in servicing the renewable energy industry through the provision of biogas loans for farmers, water tank loans, and energy efficient ‘jiko’ stove loans and solar power loans ÔÇô all of which they are working to roll out beyond the East African region. 

“Tonight, we are all afforded the opportunity to take a moment to review the significant contributions made by this establishment not only to the local financial services sector, but to the many lives across our country and the nations across our African continent which have been impacted by Letshego. Indeed, 2016 is Botswana’s golden year on every front.

At my Ministry, we applaud the contributing role of private sector partners, such as Letshego, to our national agenda in creating greater prosperity for Batswana ” said Matambo.

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