Letshego enters Nigerian market

Spreading wings: Letshego now operates in ten African countries
Spreading wings: Letshego now operates in ten African countries

Leading local micro-lender, Letshego Holdings has moved to acquire 100 percent stake in another commercial bank in Nigeria, FBN Microfinance Bank, a month after acquiring another bank in Tanzania.

The move is part of their strategy to expand into Africa.

FBN Microfinance Bank Limited is a deposit taking financial institution that specialises in micro-finance. It operates a branch network of 28 customer access points and has a staff complement of over 300, a depositor base of 80,000 customers and a loan customer base of over 10,000.

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