23 Jan 2017

Letshego Holding Limited has announced acquisition of a 100 per cent shareholding in afb Ghana Plc (‘’afb”).

Letshego Holdings Limited group managing director, Mr Christopher Low told a press conference recently that Letshego operated in eleven sub-Saharan African countries with a customer base of over 480 000.

He said  afb’s trading name would change to Letshego Ghana Limited and its brand to Letshego.

Mr Low also noted that since its launch in 2010, afb had grown to service over 60 000 customers through a country-wide network of more than 25 branches and customer access points and an end-to-end automated service delivery model.

He further said the afb’s strategy was to deliver responsible services by leveraging technology to drive access, simplicity and customer satisfaction and that fully aligned to Letshego’s own inclusive finance agenda like its established product offering that included deduction at source loans for government employees and direct loans to private sector employees as well as loans to micro and small entrepreneurs.

‘’It is very exciting time for us at Letshego as well as the afb team as we welcome them into the Letshego family, said Group managing director, Mr Low.

He noted that as a group, they continue to focus on the acceleration of all four of their strategic pillars, namely embracing financial inclusion, growing the franchise, enhancing customer experience and embedding future capability modem,” he said.

Also, he said as a leading indigenous Botswana Stock Exchange listed company, they intended to further enhance their product and solution offerings and expand customer base as they sought opportunities to better respond to the financially under-served populations across Sub Saharan countries. BOPA