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Letshego | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Letshego is a proudly African inclusive finance organisation, listed in Botswana with regional hubs in Botswana, Kenya, and Ghana....

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Letshego logo

Letshego is a proudly African inclusive finance organisation, listed in Botswana with regional hubs in Botswana, Kenya, and Ghana. With a world-class vision, Letshego uses digitisation to create simple, accessible, and inclusive solutions for individuals and entrepreneurs, improving lives across 11 sub-Saharan African markets.

Website
Size
1001-5000 employees
Industry
Financial Services

🛍️ Letshego Product and Pricing News →

👔 Letshego CEO, Management and Leadership Team →

⚔️ Letshego Alternatives and Competitors →

💼 Letshego Hiring and Layoffs →

🤖 Letshego Developer, Integration and Automation News →

📈 Letshego Financials, Fundraising and Valuation News →

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🛍️ Letshego Product and Pricing News

  • On March 4, 2025, a High Court judge dismissed a summary judgment application against Letshego Bank in a case involving an erroneous payment by the Government Institutions Pension Fund.
  • Letshego Namibia, led by CEO Melvin Hosea Angula, launched a Digital Mall platform with a Deduction at Source loan product, allowing 24/7 mobile access to loan services.
  • Banco Letshego was fined 1,434,085.00 MT by the Bank of Mozambique for failing to meet response deadlines for customer complaints and providing false information.
  • Letshego Nigeria introduced a USSD code *5102# for banking services without internet access.
  • Letshego Namibia is offering free home loan pre-approvals on March 7-8, 2025, at their branches.

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  • Letshego's CEO Giles Germany is touring the Eastern Region of Uganda to engage with customers in Mbale, Soroti, and Lira.
  • Letshego Nigeria announced on February 7 that they are relocating their operations to Coker Heights, 38 Coker Road, Ilupeju, Lagos.
  • Letshego won the Bank Partner of the Year award for supporting MoMo's lending services.

👔 Letshego CEO, Management and Leadership Team

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⚔️ Letshego Alternatives and Competitors

  • Gojo
    • |
  • FirstCred
    • |
  • Bayport
    • |
  • 4finance
    • |
  • African Alliance

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💼 Letshego Hiring and Layoffs

  • Letshego appointed Adebowale Aderoju as the new Country CEO for Nigeria, previously serving as the Country Chief Risk Officer.
  • Letshego Uganda has appointed Dr. Kenneth Mugambe and Assoc. Prof. Annabella Habinka Basaza-Ejiri (PhD) to its Board of Directors to enhance financial inclusion and economic growth.
  • Ketlhalefile Motshegwa resigned as a non-executive director of Letshego effective February 19, 2025.
  • Letshego appointed Brighton Banda as Interim Group Chief Executive Officer effective February 15, 2025, following Aupa Monyatsi's resignation.
  • Aupa Monyatsi, Group Chief Executive of Letshego, announced his resignation effective April 14, 2025, after leading strategic initiatives like the '6-2-5 strategic roadmap' and launching innovative products.

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  • Letshego is recruiting for six positions, including Head of Sales & Distribution, in Lagos State.
  • Letshego is currently hiring for the position of Head of Sales & Distribution in Nigeria.
  • Ester Kaali, CEO of Letshego Namibia, is expected to become Namibia's Minister of Finance.

🤖 Letshego Developer, Integration and Automation News

  • Letshego Uganda announced a partnership with Airtel Money Uganda to simplify loan repayments through a quick and secure mobile transaction service.
  • Letshego Uganda has partnered with Rotary District 9213 to work on projects aimed at improving lives and building sustainable communities.
  • Sammy Mutua, Group Chief Digital and Data Officer at Letshego, shared that the company scaled up to 7 million customers across 11 African markets through partnerships with fintechs and mobile network operators.
  • Letshego Kenya collaborates with schools to expand educational facilities through the Education Boresha loan.

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📈 Letshego Financials, Fundraising and Valuation News

  • Letshego announced the issuance and listing of notes under its existing BWP 2.5 billion Medium Term Note Programme.
  • On March 7, 2025, Letshego presented its unaudited financial results for FY2024, showing recovery in performance and good top-line growth in core markets, with Brighton Banda as Interim Group CEO.
  • Letshego reported a double-digit increase in operating income for 2024 but ended with a net loss, with unaudited financial statements available for review by March 31, 2025.
  • On February 27, 2025, Letshego announced it is exploring potential material transactions involving its shareholding in businesses in East and West Africa.
  • Letshego's customer deposits increased to N$1.3 billion, and profit after tax rose by 18.5% to N$418.8 million for the year ending December 2024, despite a decline in capital adequacy ratio and increased operational expenses.

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  • Letshego reported an 18.5% increase in profit after tax to N$418.8 million for the year ended December 31, 2024, driven by a 15% rise in total revenue.
  • Letshego expects its inflation-adjusted Group Loss After Taxation for 2024 to be 35% to 55% lower than the previous year's loss of P149 million, with audited results due by March 31, 2025.
  • Letshego Financial Services, a member of the Eswatini Credit Providers Association, experienced an increase in loan applications in January 2025.

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