Letshego leads BSE despite internal turbulence

Out: Okai left Letshego under mysterious circumstances earlier this month
Out: Okai left Letshego under mysterious circumstances earlier this month

Homegrown pan-African microlender, Letshego Holdings, has maintained its spot as the Botswana Stock Exchange (BSE)’s top gainer for the year, despite recent turbulence within its top management.

By last Friday, Letshego’s share price was up 25% for the year, outpacing its peers on the Domestic Companies Index, according to Stockbrokers Botswana data.

Second-placed gainer, Standard Chartered Bank Botswana was up 14.8% by comparison, followed by 7.8% for Letlole la Rona. Letshego’s performance is despite the shock sacking of its chief executive officer, Andrew Okai earlier this month, with the board releasing a terse statement hinting at the irreparable breakdown of the relationship.

Editor's Comment
GBV: The big elephant in the room

Sadly, the country seems not to have proper tools and the extent to which women and the girl-child are being abused is not adequately measured.Almost every week there are reports of women being attacked by their significant others and while men are attacked as well, women seem to be more on the receiving end.On May 24, 2023 news broke that a woman who was receiving support from the Botswana Gender-Based Violence Prevention Centre in Gaborone, was...

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