Mmegi

Letshego secures £15m senior loan

Letshego-Proparco Partnership signing 65
Letshego-Proparco Partnership signing 65

Homegrown microlender, Letshego Botswana, has secured a senior loan deal worth £15 million (P257 million) with Proparco aimed at achieving the Sustainable Development Goals (SDG).

Proparco is a development finance institution owned by the French Development Agency and private shareholders from across the globe.

The £15 million deal is expected to support Letshego's quest to improve more lives with inclusive finance products across Botswana.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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