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.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!