Letshego resubmits bid for banking licence

Friday, September 04, 2026 | 90 Views |

Bouncing back: Letshego’s numbers have improved, and directors are eyeing a banking licence in Botswana PIC: MORERI SEJAKGOMO

Homegrown microlender, Letshego Botswana, has mounted a fresh bid for a local banking licence, with its new strategy betting instead on a leaner footprint.

A banking licence would lower Letshego’s cost of funds and rebuild margins squeezed by years of taking beatings in East and West African markets.

The banking application license follows botched plans in 2018 when the group at the time chose to concentrate on expanding its operations and widening its product portfolio across its market.

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Letshego resubmits bid for banking licence

Homegrown microlender, Letshego Botswana, has mounted a fresh bid for a local banking licence, with its new strategy betting instead on a leaner footprint.

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Rename it until it grows

Commitment by DPP to fight corruption welcome