Battlelines drawn ahead of Letshego AGM
Friday, June 17, 2022 | 1110 Views |

Moment of truth: Major shareholders in Letshego go head to head on June 24 PIC: PHATSIMO KAPENG
The country’s single largest investment fund, the Botswana Public Officers Pension Fund (BPOPF), holds 30.9% equity in Letshego and wants three new nominees on the microlender’s board. Meanwhile, the country’s largest and most diversified financial services group, BIHL Ltd, holds 28.1% shareholding and as a long time investor and industry affiliate, reportedly enjoys influence over Letshego’s strategic direction and is keen to maintain the status quo.
Six seats are up for grabs at the Annual General Meeting on June 23, set to be conducted virtually. Four current directors, including the chairman, Enos Banda, are due to retire in line with the group’s constitution while one has resigned. Another director was appointed on a ‘casual basis” in December to fill a vacancy, meaning that spot on the board is also the subject of jostling.
In most of these cases, all this violence is done in the name of love! Love is a beautiful thing and no one who claims to love another can ever wish harm on the object of their affection let alone inflict pain upon them.A few weeks ago, the nation was shaken following the gruesome murder of two little innocent souls by their father, who after that painful act committed suicide. One of the biggest challenges that we face as a nation is that we...