Botswana Leads The Letshego Pack

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The Botswana operations of Micro Provident Botswana Limited, which trades as Letshego, continued to lead the pack in the operations of the micro lender currently operating in five African countries.

According to Stockbrokers Botswana research note on the Botswana Stock Exchange (BSE) listed outfit, the Botswana operations contributed about 92.4 percent to the group's profit before tax, with a loan book of P606.4 million or 77 percent of the loan book.

The brokerage firm led by chief executive officer (CEO) Geoffrey Bakwena revealed that government, the largest employer in the land, increased civil service salaries by 15 percent while also paying 40 percent scarce skills bonuses to select public service workers. Letshego offers unsecured loans to formally employed clients, including public service workers.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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