Letshego loan book reaches P5bn

Low
Low

Letshego Holdings’ loan book jumped 31 percent to breach the P5 billion mark in the six months period ended 31 July 2014 on the back strong advances growth in three of the 10 countries the microlender operates in.

Letshego managing director, Chris Low, said the most contributions to the growth in advances are Botswana, Mozambique and Namibia. Letshego operates in 10 southern and east African countries including Tanzania, Kenya, South Sudan, Uganda, Rwanda, Swaziland, Tanzania, Kenya and Lesotho.

In the period, the group’s profit before tax increased buys 11 percent to P508 million.

Editor's Comment
Ruling party should tread carefully on cadre deployment

But on the particularly sensitive question of cadre deployment, the BNF must tread very carefully.The issue deserves robust debate, not ideological enthusiasm. Recent public comments from the BNF leadership are reassuring: the party has said that government positions should be based on merit and competence rather than party membership, and that it does not have a specific cadre-deployment policy.That principle should remain firmly at the centre...

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