Letshego shelves plans to open bank in Botswana

Wednesday, April 30, 2014

Low addressing the media in Gaborone yesterday. PIC KEBOFHE MATHE

Botswana’s largest consumer lending company Letshego will not be re-applying for a banking licence in Botswana anytime soon. The micro lender says it has opted to build capability from other African markets it operates its business, before re-applying for the banking licence in Botswana.

In 2012, Bank of Botswana declined Letshego’s banking licence application for reasons, which the microlender says, were not explained.

Letshego has already acquired banking licences in Mozambique, a deposit-taking licence in Rwanda, and is in the process of acquiring a banking licence in Namibia.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Alleged kingpin 'sick' as case hits a snag

Larona Makhaiza | 2 h ago

Seretse charged as NPF case returns

Staff Writer | 4 h ago

About 300 Batswana trapped in Middle East crisis

Mbongeni Mguni | 1d ago

Ministry declares war on low productivity

Spira Tlhankane | 1d ago

Going back to church: Re entering the Amen Economy

Thulaganyo Jankey | 1d ago

Private investor injects P4m into UB hotel revival

Staff Writer | 1d ago

Southern chicken necks

Michelle Phetlhe | 1d ago

Senior Prisons officer faces drug, abuse of office charges

Larona Makhaiza | 1d ago

Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

The Monitor Editor | 03 March 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More