Chris Low, Letshego Group Managing Director, has stepped down after five years at the helm, to pursue other opportunities.
Letshego has made significant progress towards developing into a pan-African inclusive finance provider, operating across 11 countries with six deposit taking licenses and in the last financial year recorded over P1 billion in profit before taxes.
On behalf of the Board: “We would like to thank Chris for his leadership of, and contribution to, Letshego. During Chris’s tenure, Letshego has become one of Botswana’s largest multinational providers of simple, appropriate and accessible financial solutions. Gaborone has been at the heart of the Letshego business for 20 years and we see a bright future for our operations here, and across the continent. A Management Transition Team has been established and will be responsible for the management of Letshego while the Board identifies a successor.”
The Management Transition Team will be led by Colm Patterson, the Group Chief Financial Officer of Letshego. Chris will continue to work with the Company as an advisor during this period, to ensure a smooth transition.
Commenting on the announcement, Chris Low said: “I am incredibly proud of the business Letshego is today and the team that has built it. I look forward to watching the Company continue to flourish and to improve the lives of Africans across the continent.”
A thorough search has been initiated to find a permanent Group Managing Director. An announcement will be made in due course. Letshego continues to drive its financial inclusion strategy and strengthen its operations through investment in technology, people, and strategic partnerships. The Board is confident that the Company is well positioned to benefit from the growing markets across its sub-Saharan footprint.
Letshego Holdings Limited was incorporated in 1998, is headquartered in Gaborone and has been publicly listed on the Botswana Stock Exchange (BSE) since 2002. It is an inclusive finance focused Group with consumer, micro-lending and deposit-taking subsidiaries across sub-Saharan Africa. [bse.co.bw]