Letshego sheds reliance on Botswana market

Letshego Holdings building
Letshego Holdings building

For the first time since its inception, micro-lender, Letshego Holdings generated the lion’s share of its profits from outside Botswana as the group reaps dividends from aggressive geographical diversification efforts. In a commentary accompanying the group’s financial results for the year ended January 2014, Letshego says more than half (58 percent) of profits before tax was generated outside Botswana from 40 percent in the previous period.

In the group’s 16-year old history, Botswana has consistently contributed the majority of  profits. An expansion into new markets, including the East African region has not diversified the group profit and asset mix but significantly cut down Botswana’s contribution to the stable. 

In 2008, a mere eight percent of Letshego’s profits were generated from outside Botswana before increasing to 35 percent in 2012 and 40 percent in the year ended January 2013.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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