BIHL keeps faith in Letshego, despite P140m impairment
Friday, March 09, 2018
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.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...