BIHL keeps faith in Letshego, despite P140m impairment

BIHL is the country’s largest diversified financial group and also the Botswana Stock Exchange’s (BSE) third largest listed domestic counter. Letshego, a pan African micro-lender active in 11 countries, is the largest non-bank financier in Botswana and the BSE’s fourth largest domestic stock by market capitalisation. 

BIHL currently has a 26.2% stake in Letshego, nearly double what it held in 2009 when a decision was made to ramp up its holdings in the micro-lender and cash in on Letshego’s pan-African expansion, which was gathering momentum at the time.