Letshego whips loan book into shape
Thursday, March 26, 2026 | 450 Views |
New directions: Letshego Group CEO, Reinette van der Merwe at the results briefing earlier PIC: MORERI SEJAKGOMO
The group consolidated its loan book to P11.7 billion, despite exits from key markets in East and West Africa.
The homegrown pan-African microlender reported a consolidated loss after tax of P235.5 million for the full year ended December 2025, largely weighed down by a once-off hit from the discontinued operations. The drag came as the group exited non-core markets as part of a broader restructuring drive.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...