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19-10-2011
Letshego profit grows by 36%

 Letshego Group continued to show their massive growth as their interim results show a healthy bank balance and steady growth. However the impending government decision on stopping assisting micro finance lenders in collection of Read more...

16-10-2011
Letshego announces positive interim results

Botswana’s domiciled micro financer; Letshego Holdings limited continues to yield positive financial results. The Company expansionist approach across Africa is also yielding results.

The Botswana Stock Exchange (BSE) quoted micro lender Read more...

17-06-2011
Letshego considers banking operations

Leading microlender, Letshego Holdings Limited, is studying the potential of banking operations, a move that could transform the pan-African financier into a deposit-taking entity and open paths for further financial service diversification.

Letshego's Read more...

20-04-2011
Letshego to list new shares today

Microlender, Letshego Holdings Limited, will today list an additional 128 million shares on the Botswana Stock Exchange following its 13thebe per share scrip dividend.

The company, which announced its results last week, decided to Read more...

16-03-2011
Equity Market – Market sentiments improving…

As the 2011 reporting season gets into full swing, we note an increase in investors demand for stocks encouraged by the release of good set of financial results from some listed firms.
Read more...

04-03-2011
Japanese grant to help Childline build counselling centre

The Japanese Embassy and Childline yesterday pledged P540, 0152.00 (US$79.414) towards the construction of a new counselling centre and purchasing of a 24-hour toll-free helpline for Childline Botswana in Gaborone.

Speaking at the Read more...

02-03-2011
Equity Market – Appetite for stocks pick up on the local bourse

As the 2011 reporting season gets into full swing, investors demand for shares continue to rise.  So far FNBB and G4S has released a fantastic set of financial results despite the challenging economic Read more...

19-01-2011
Local bourse starts trade on a positive note

The local bourse started the year on a positive note as more investors’ returned to the market after the festive holidays. According to a local security broker, Motswedi Securities, the local bourse ended the Read more...

31-12-2010
Mozambique: New Micro-Finance Institution for Matola

Maputo — A new micro-finance body, with capital from Botswana, will begin operating in the southern Mozambican city of Matola as from late January, according to the spokesperson for the Maputo Provincial Government, Inocencio Read more...

17-12-2010
BURNT BOY GETS A NEW FACE

An eight year old boy from Qabo village in Ghanzi District who was burnt beyond recognition some few years back has finally undergone surgery to fix his eye, lip and right hand.

The surgery Read more...

29-11-2010
Profit taking on BSE ahead of holidays

Shares prices on the Botswana Stock Exchange (BSE) weakened again last week with sellers outweighing buyers as the festive holiday's profit-taking begins.

The November-December period is traditionally a profit-taking period on most bourses Read more...

03-11-2010
Investors continue interest in local bourse

Although investors continue to exhibit interest in the local bourse as shown by the higher bids in some stocks, volumes has been concentrated in selected stocks such as Letshego, Barclays, BIHL and to Read more...

27-10-2010
Letshego sharpens competitive edge

Leading micro-lender, Letshego, has leveraged off prevailing interest rates - which are at their lowest in 11 years - to enhance its edge in a highly competitive industry dominated by four large commercial Read more...

20-10-2010
Liquidity improves on the local bourse

Investors’ appetite for stocks continues to improve on the local bourse as evidenced by huge volumes that were traded in selected stocks during the past week such as BIHL and Letshego.

According to Motswedi Read more...

29-09-2010
Briefs

The first half reporting period is almost over with most listed counters having released their results. FSG and Stanchart released their interim results this week, while Letshego is expected to release its interim results Read more...

29-09-2010
Trade in Finance: Cross-Border Investments in Botswana

Africa is emerging as an attractive investment destination and a key market for goods and services. Southern Africa, in particular, has changed significantly in the past decade showing a reduction in levels of indebtedness, Read more...

14-09-2010
Many Swazis caught in ‘debt race’

MANZINI-A majority of the Swazi work force is caught in a terrible debt cycle called ‘Debt Race’.

This was revealed by Chairperson of newly launched Letshego Financial Services Read more...

13-09-2010
Letshego bullish in risk averse climate

Micro-lender Letshego Holdings says it anticipates higher than forecast profits for the first half of its financial year that ended in July 2010. 

At a time when most financial institutions have posted average results characterised Read more...

07-09-2010
Newly-launched Letshego advised not to finance terrorism

MINISTER of Finance Majozi Sithole has warned the newly-launched Letshego Financial Services, formerly MP Financial Services to refrain from acts of financing terrorism.

The minister made an example of money laundering as a form of financing Read more...

04-09-2010
MP Swaziland dumps shylock status

 

EZULWINI – MP Swaziland has undergone a name change. Already, the company has issued loans to the total value of E250 million to its clients.

 

The company Read more...

15-08-2010
Letshego – Planning for financial health through the Motlhala campaign

Financial services company Letshego has launched the Motlhala campaign aimed at helping people understand the value of financial discipline and using credit wisely.

“If you want to send your child to school, upgrade your car or buy a Read more...

13-08-2010
Letshego donates to subject fair

Letshego Financial Services donated P15 000 to South East Regional Subject Fair in an effort to encourage development of young people and rejuvenate their efforts.

When handing over the cheque, the Chief Executive Read more...

13-08-2010
Doing It for Gamodubu Children

Letshego throws in P71 000 to wrap-up a fun-filled day

Last Saturday, the staff of The Voice joined Letshego Group and the people of Gamodubu to witness yet another heart-warming gesture to the children Read more...

11-08-2010
Saving is not done in “savings accounts”

Recently, I was having a chat with a friend of mine who intends to buy her first car and has been “saving up” for more than a year now to raise the deposit to Read more...

31-07-2010
The Africa Weekly market commentary

A snapshot of the African markets this week.

In Morocco, the market was Read more...

23-06-2010
Letshego donates beds to NRH

FRANCISTOWN: Letshego Holdings Limited has donated 15 beds, worth P100, 000 to Nyangabgwe Referral Hospital.

NRH public relations officer, Caiphus Gabana said the donation was made after Letshego noted that there was an acute Read more...

20-06-2010
BSE Indices – value of trades improves

Despite the Domestic Company Index (DCI) weak performance, the value of trades improved significantly as 12,540,273 shares, worth P34,904,013 exchanged hands during the week as compared to 1,742,693 shares worth P5,616,509 that were traded Read more...

28-04-2010
Business Brief

Consumer Affairs to review licences
The Department of Trade and Consumer Affairs (DTCA will, with effect from the end of April, review licences of businesses found selling expired goods with a view to Read more...

28-04-2010
PrimeTime seeks P135 million to develop new properties

Listed property concern PrimeTime is negotiating with financial institutions for funding to develop two new properties in Gaborone at a total cost of P135 million.

In a statement released this week, PrimeTime, which has Read more...

26-04-2010
BSE Indices

A total of 1,704,753 shares, worth P4,666,361 exchanged hands during the week under review, as compared to 951,713 shares, worth P6,395,677 that were traded the previous week.

Micro lender Letshego was the top mover for Read more...

19-04-2010
Letshego nets P380m profit

GABORONE - Letshego Holdings Limited has reported profits of P380 million for the year ending 31st January 2010 as compared to just over P219 million last year.

This development comes after Letshego Holdings Read more...

19-04-2010
Investment Window Opens After Letshego Share Split

Letshego Holdings' counter on the Botswana Stock Exchange (BSE) will today open trade at P1.60, following the approval of a 10:1 share split by the micro-lending giant's board last Monday.

The new price, down Read more...

23-02-2010
Letshego fights cancer

GABORONE - Letshego Financial Services has donated a total of P65 500 to Cancer Association Botswana through their corporate responsibility programme.

Speaking at the handing over ceremony on Thursday, Letshego CEO, Mr Frederick Mmelesi said Read more...

22-02-2010
Letshego donates to Cancer Association

The Cancer Association of Botswana received a financial boost of P65 500 from the financial services provider, Letshego, to help the nonprofit organization fight the cancer scourge that is ravaging the country.

Receiving the award Read more...

22-02-2010
BIHL Seals P57 Million Purchase Of Letshego Subsidiaries

Botswana Insurance Holdings Limited (BIHL) is one step closer to finalising the P57 million purchase of two Letshego subsidiaries, a deal that would consolidate the insurance giant's dominance of the sector.

Letshego Guard Read more...

19-02-2010
Botswana Equity Market

Huge Volumes Traded in Letshego, Significant volumes were observed in Letshego as 5.4 million shares, worth P89.1 million which represents about 3% of the company’s share capital swapped hands on the local bourse on Read more...

20-01-2010
Botswana Stock Exchange’s 2009 winners and losers

GABORONE- Botswana Stock Exchange (BSE) domestic company index (DCI) closed 2009 2.93% higher which was a significant improvement from 2008 close of -16.5%. The DCI represents all local companies. The Foreign Company Index (FCI) closed 2009 significantly higher Read more...

15-01-2010
Letshego nets 45% profits, aims higher

PAN African consumer lending Group, Letshego, has stated that there is need to focus on brand building and increasing its market share through intensive marketing and building stakeholder relation by offering high level customer services. And the Read more...

01-12-2009
Micro-creditor to award clients

Microfinance institution Faidika will launch an annual competition for clients and award those who use their loans productively. The first winner will be awarded Sh500,000 while the second runner-up get Sh300,000 and the third Read more...

24-11-2009
Company News

G4S, released a trading update for the nine months to 30 September 2009 which showed that overall revenues grew by 28% compared to the same period last year despite the slowdown in both the local and Read more...

24-11-2009
Financial counters dominate bourse activity

As the Domestic Companies Index (DCI) put on another 1.45% to end above the 7,400 mark for the first time since December 2008, financial institutions such as FNBB, BIHL and Barclays?? were the favourites of investors pushing Read more...

24-11-2009
ABM, Letshego donate to Boitshoko school

SELEBI PHIKWE - ABM University College and Letshego Legal Guard have donated a computer and P2 000 respectively to Boitshoko Primary School in Selebi Phikwe. The school head, Mrs Boipelo Tumelo received the donations during an occasion Read more...

23-11-2009
Investing on the Botswana Stock Exchange

As the world economy shows signs of stabilisation, the BSE is a step ahead with significant gains and is attracting investors. According to Gary Juma of Motswedi Securities, small capitalised counter, RPC Data and mid-capitalised counters RDCP, Read more...

18-11-2009
Domestic companies index grows

GABORONE - Increasing appetite for stock saw the domestic companies index (DCI) pushing 0.57 per cent higher, a weekly market report from Motswedi Securities state. According to the weekly report, the DCI ended the week Read more...

10-11-2009
Letshego reports profits

Letshego has remained consistent with its story of continuing growth as it recorded a growth in profits for the half year results. For the six months ending July 2009 the micro lender has recorded total income of Read more...

30-10-2009
Botswana a unique comfort zone for commercial banks

Botswana's commercial banks have it easy. Despite Batswana having virtually no discretional saving culture, being highly indebted, the country's small population and the lion's share of household borrowing being in the form of unsecured loans, banks remain Read more...