Mmegi

Letshego whips loan book into shape

New directions: Letshego Group CEO, Reinette van der Merwe at the results briefing earlier PIC: MORERI SEJAKGOMO
New directions: Letshego Group CEO, Reinette van der Merwe at the results briefing earlier PIC: MORERI SEJAKGOMO

Despite posting a technical financial loss for the full year 2025, Letshego Africa Holdings has seen positive growth across various financial metrics, improving its core business compared to the prior year.

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.

Editor's Comment
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

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