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.

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The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...

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