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Letshego readies first issuance in P2bn programme

Hunting for capital: Letshego’s local unit is seeking funds to boost its lending activities in the country PIC: MORERI SEJAKGOMO
Hunting for capital: Letshego’s local unit is seeking funds to boost its lending activities in the country PIC: MORERI SEJAKGOMO

Leading microlender, Letshego Botswana, will soon launch its first fundraising effort in the local capital market, under a P2 billion medium term note programme designed to support various forms of lending products in the country.

Whilst the company’s parent group, Letshego Africa Holdings, is a regular participant in the capital market, the upcoming issuance will be the first by Letshego Botswana, the group’s home base and one of its most profitable units.

Letshego Botswana head of brand, marketing and customer experience, Kealeboga Sebolai told BusinessWeek the first issuance from the new programme was due this quarter, with the quantum “to be optimally determined with our partners based on market sounding to be undertaken”.

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