05 Aug 2018

Group managing director of Letshego Holdings Limited Mr Chris Low has decided to step down from his role after five years at the helm “to pursue other opportunities.” 

A press release from the company states that under Mr Low’s leadership, Letshego made significant progress towards developing into a pan-African inclusive finance provider. 

“Letshego operates across 11 countries with six deposit-taking licenses and in the last financial year recorded over P1billion in profit before taxes. On behalf of the board, we will like to thank Chris for his leadership of, and contribution to Letshego,” it states.

 The release further states that during Mr Low’s tenure, Letshego became one of Botswana’s largest multinational providers of simple, appropriate and accessible financial solutions with Gaborone being at the heart of the Letshego business for 20 years.It further notes that a management transition team has been established and will be responsible for the management of Letshego while the board identifies a successor.

The transition management team is set to be led by Mr Colm Patterson, the group chief financial officer of Letshego.

“Chris will continue to work with the company as an advisor during this period, to ensure a smooth transition,” continues the press release.

Commenting on the announcement, Mr Low is quoted as saying he is “incredibly proud,” of the business Letshego is today and the team that has built it. 

“I look forward to watching the company continue to flourish and to improve the lives of Africans across the continent,” the corporate leader is quaoted. A thorough search has been initiated to find a permanent group managing director and an announcement will be made in due course. ENDS