Letshego acquires Tanzanian bank

Thursday, November 12, 2015

The Botswana Stock Exchange listed financial services company, Letshego Holdings Services has acquired a 75 percent stake in a commercial bank in Tanzania as part of the strategy to advance their financial inclusion in Africa.

According to the group Managing Director, Chris Low the acquisition of Advans Bank Tanzania has been done by a way of subscription for new shares.

“This acquisition is a clear demonstration of our commitment to providing financially inclusive services to the lower and middle income segments of the society that have historically been under seen by traditional banks and lenders,” he said.

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Letshego acquires Tanzanian bank

The Botswana Stock Exchange listed financial services company, Letshego Holdings Services has acquired a 75 percent stake in a commercial bank in Tanzania as part of the strategy to advance their financial inclusion in Africa.

'JJ' declines P4,000 for AFCON bid role

Reds’ ladies send warning sign

Overwhelming interest for Chef de mission post

Wave of optimism sweeps through TAFIC after takeover

Peace eludes karate

Branch’s Dakar exploits sets up promising season

Mothibi thrives in new role in Germany

Big Brother titans hosts Botswana Media personalities

Our hopes are on you!