Letshego seeks to raise P285m in Namibian listing

Low
Low

Letshego Holdings Limited is hoping to raise about N$370 million (P285m) for the portion of the shares that it is selling through a public offer on the Namibian Stock Exchange (NSX).

The financial services group announced last week during the presentation of its financials for the half-year period ended June 30, 2017 that it recently obtained approval from the Namibian bourse to list Letshego Holdings Namibia Limited (Letshego Namibia) on the NSX.

Group managing director, Chris Low said 20% of the company’s shares are being offered for sale as part of the licensing requirements of the Bank of Namibia to increase the level of Namibian ownership of Letshego Namibia.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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