Letshego Holdings Limited

Letshego Holdings Limited appoints Aobakwe Aupa Monyatsi as Group Chief Executive

By Published On: June 10th, 2022Categories: Corporate announcement
  • Letshego has confirmed the appointment of the Group’s former Group Chief Operating Officer, Aobakwe Aupa Monyatsi as Group Chief Executive of Letshego Holdings Ltd with immediate effect, subject to regulatory approvals.
  • Monyatsi brings more than two decades of pan-African regional banking and tech innovation expertise to the role, and has played an integral role in engineering Letshego’s digital Transformation Strategy in his previous role as Group COO, launched in September 2020.
  • This appointment is reflective of the Group’s success in building an effective succession pipeline of talent within the business as Letshego progresses towards its world-class vision.

  • Gaborone, Botswana – Friday 10 June 2022: The Board of Letshego Holdings Limited has affirmed the appointment of Aobakwe “Aupa” Monyatsi as Group Chief Executive with immediate effect, subject to regulatory approvals. Prior to this appointment Monyatsi held the same role in an interim capacity from 4 May 2022, having led the inclusive finance entity’s digitalisation of systems and operations for the last two years in his inaugural position as Group Chief Operating Officer (Group COO).

    Aupa is a well-rounded and experienced pan-African regional banker, with demonstrated tech and digital-savvy expertise having spearheaded and developed innovation and virtual channel strategies in his previous role as Absa Group’s Managing Executive for Alternative Channels. His career journey has provided Africa-wide experience from Ghana, Senegal, Nigeria and Kenya, having led a team in incubating fintech’s that drive financial inclusion through mobile money, block chain and AI (Artificial Intelligence). With a clear balance of financial and technical experience, Aupa is ideally placed to steer Letshego into the Group’s next chapter of embedding and monetising the Group’s recent investment into digital systems and product innovation.

    Enos Banda, the Group Chairman of Letshego Holdings Ltd affirmed the appointment, adding, “Aupa is an ideal candidate to take Letshego into the next generation where we aim to realise the benefits of our recent tech investments, and embed the exciting advancements and transformation initiated by the Management Team over the last two year period. Aupa brings a proficiency in retail tech, diverse pan-Africa financial sector experience as well as a passion to make a difference. His dynamic and personable leadership style, balanced by his empathy and appreciation for people, makes him an ideal candidate to lead our organisation. Aupa’s appointment evidences Letshego’s progress in building a robust succession plan for our future organisation, as we progress in our vision to be worldclass.”

    During his career at ABSA Botswana, Aupa was Chief Operating Officer and Head of Distribution Channels, with his latest role being Acting Managing Director for ABSA Botswana before transferring to the bank’s Africa head office in South Africa, as Managing Executive for Alternative Channels.

    Commenting on his appointment, Aobakwe “Aupa” Monyatsi, Group Chief Executive added, “Letshego’s ambition to achieve a sustainable impact for more broader pan-African regional communities by extending access to simple yet productive financial solutions, has always inspired me to be part of the organisation. I am now excited to lead, support and inspire our diverse and dynamic pan-African teams to unlock our collective potential for the benefit of our people, as well as the benefit of our customers, stakeholders and communities where we operate. I have been inspired by the warmth and support received since I joined Letshego, and I am honoured to lead the Group into our next chapter of evolution, securing long term shareholder return.”

    Letshego Holdings Ltd (“Letshego Group”) is a truly African multinational organisation, headquartered and listed in Botswana and focused on delivering inclusive finance solutions to underserved populations across its 11 sub-Saharan Africa footprint. With a staff complement of over 3,000 – including both direct and indirect sales agents – and more than four hundred thousand customers, Letshego is synonymous with leveraging innovation and technology to improve the lives of individuals who have limited access to traditional financial services.

    ENDS.

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    About Letshego Africa
    Letshego Holdings Ltd (“Letshego Group”) is a truly African multinational organisation, headquartered and listed in Botswana and focused on delivering inclusive finance solutions to underserved populations across its 11 subSaharan Africa footprint. With a staff complement of over 3,000 – including both direct and indirect sales agents – and serving over five million customers across Africa, Letshego is synonymous with leveraging innovation and technology to improve the lives of individuals who have limited access to traditional financial services.

    In 2022, Letshego celebrates 23 years of supporting regional communities, making strong progress with the launch of its Transformational Strategy in September 2020, towards the Group’s vision to be a world-class retail financial services organisation, improving the lives of mass and middle-market individuals and micro and small entrepreneurs.
    www.letshego.com / www.letshegoinvestor.com
    To access the LetsGo Digital mall visit: www.letsgo.letshego.com

    BIOGRAPHY OF AOBAKWE “AUPA” MONYATSI
    Aupa Monyatsi was appointed Group Chief Executive for Letshego Holdings Limited on 10 June 2022, having held the role on an interim basis for four weeks. Aupa joined Letshego as Group Chief Operating Officer in March 2020, and is a well-rounded and experienced regional banker, bringing over two decades of leadership expertise gained from various senior roles in Africa’s financial services sector.

    Prior to joining Letshego, Aupa led numerous teams within the Absa Barclays Group, with the most recent role being Managing Executive: Alternative Channels, where he was responsible for spearheading and developing the regional bank’s digital innovation and virtual channel strategy. Having spent several years traveling between Ghana, Senegal and Nigeria incubating select fintech’s to drive financial inclusion through mobile money, block chain and Artificial Intelligence (AI), Aupa’s digital and technical expertise evolved into a proficient passion. In line with his focus and expertise in fintech development, Aupa also spent time in Silicon Valley (USA) and Spain to benchmark global trends in innovation.

    Prior to the Absa Group role, Aupa held numerous leadership positions in Barclays Botswana, including Chief Operating Officer and Head of Distribution Channels, with his latest role being Acting Managing Director Botswana before transferring to ABSA Group responsibilities from Absa’s regional head office in South Africa. Aupa commenced his career in auditing with PWC Botswana.

    Qualifications / Education: Executive Development Programme, Duke University – United Kingdom (Mar2012); Association of Chartered Certified Accountants (ACCA) Part 2 (Apr2006); Bachelor of Accountancy Degree – University of Botswana (Jul2003); General Certificate of Education (Cambridge Certificate) – Mater Spei College Botswana (Nov1996).

    -Ends-

    For further information please contact:

    Letshego Group Contact

    Lauren Callie
    Head of Group Strategic Communications

    Mobile: +27 82 894 5581
    Tel: +267 398 4631
    Email: