Botswana Leads The Letshego Pack

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The Botswana operations of Micro Provident Botswana Limited, which trades as Letshego, continued to lead the pack in the operations of the micro lender currently operating in five African countries.

According to Stockbrokers Botswana research note on the Botswana Stock Exchange (BSE) listed outfit, the Botswana operations contributed about 92.4 percent to the group's profit before tax, with a loan book of P606.4 million or 77 percent of the loan book.

The brokerage firm led by chief executive officer (CEO) Geoffrey Bakwena revealed that government, the largest employer in the land, increased civil service salaries by 15 percent while also paying 40 percent scarce skills bonuses to select public service workers. Letshego offers unsecured loans to formally employed clients, including public service workers.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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