Letshego Holdings Limited 2018 Annual Report

We have extracted below the Chairman’s Statement from the 2018 annual report of  Holdings Limited (LETSHE.bw), listed on Botswana Stock Exchange


At Letshego, our objective as a focused, pan-African financial services provider, remains consistent in increasing access to simple and appropriate financial solutions to underbanked and emerging consumers across sub-Saharan Africa.

We aim to be the first choice for customers seeking swift access to capital, leveraging our strengths and experience in Deduction at Source lending and unlocking value by optimising our delivery channels and core capabilities.

With only approximately 34% of adults having a bank account in Sub-Saharan Africa, Letshego’s mandate remains relevant. One of our key priorities is to ensure our financial inclusion strategy remains sustainable, both in social and commercial terms, so we may continue to deliver value for all our stakeholders – our people, customers, regulators, investors, as well as commercial partners.

Unemployment remains a challenge in emerging economies the world over. Letshego contributes to job creation on the continent through direct and locally empowered employment across the 11 countries where we operate, as well as via the provision of financial solutions to Micro and Small Enterprises (MSEs). These MSEs in turn, employ more members of the community as their businesses benefit from the increased access to Letshego’s productive capital.

Letshego has always acknowledged the benefits of knowing and understandin