Letshego obtains Tanzanian banking licence
Friday, September 11, 2015
Since April this year, the microlender has been running a series of cautionary notices stating that it has agreed to become a 75 percent shareholder of a deposit-taking financial institution that specialises in micro finance by way of subscription for new shares.
The company management stated in a commentary accompanying the group’s consolidated results for the six-month period ended June 30, 2015 that the approval leaves just one final regulatory approval to start deposit-taking in Tanzania.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...