Lestshego to list on NSX
Letshego says it is committed to helping the Bank of Namibia achieve financial inclusion for the unbanked masses.
Letshego Holdings board chairman Enos Banda this week announced that the local lender would list on the Namibia Stock Exchange soon. This makes Letshego Namibia the third lender to seek a primary stock exchange listing.
Speaking at a gala dinner held to mark the announcement, Banda said Letshego stood ready to contribute to the government's call for broader financial inclusion.
“Our past, present and future could not be possible without your support. Our inclusive agenda will contribute socially towards Namibia. We are planning an imminent listing on the Namibia Stock Exchange. It will ensure that we are able to deliver strong growth,” said Banda.
Also speaking was Letshego Holdings group CEO Chris Low, who applauded the Bank of Namibia for its efforts to seek financial inclusion of the unbanked population.
“The Bank of Namibia has been a champion of financial inclusion. We pledge our support to Namibia in achieving its financial inclusion goals.”
Speaking about Letshego's future intentions, Low said the lender would be committed to serving its clients well. “We are gearing up for financial wellness.”
Bank of Namibia governor Iipumbu Shiimi described Letshego as a financial trailblazer and welcomed the listing.
“I believe Letshego has been a strong partner in this journey of exclusive growth. Listing on the NSX is commendable and it broadens the ownership of the financial sector. Letshego is a trailblazer in this journey of financial inclusion,” said Shiimi.
According to him, the listing would help spur the growth of the financial sector locally.
“If some financial institutions list on the NSX, we will provide an outlet for money invested on the Johannesburg Stock Exchange and elsewhere to find a way home,” said Shiimi.
According to him, even though the central bank was in favour of having local ownership, the central bank was not totally against foreign ownership of financial institutions.
“We believe in a blend between local and foreign ownership. Those from the outside are permitted to come here and find local partnerships,” Shiimi said.
The Bank of Namibia awarded a banking licence to Letshego in June 2016. Letshego originally opened its doors in Namibia in 2002, as Edu Loan Namibia, before rebranding as Letshego Financial Services Namibia in 2008 after 100% acquisition by the Botswana-headquartered Letshego Holdings Limited.
OGONE TLHAGE
Speaking at a gala dinner held to mark the announcement, Banda said Letshego stood ready to contribute to the government's call for broader financial inclusion.
“Our past, present and future could not be possible without your support. Our inclusive agenda will contribute socially towards Namibia. We are planning an imminent listing on the Namibia Stock Exchange. It will ensure that we are able to deliver strong growth,” said Banda.
Also speaking was Letshego Holdings group CEO Chris Low, who applauded the Bank of Namibia for its efforts to seek financial inclusion of the unbanked population.
“The Bank of Namibia has been a champion of financial inclusion. We pledge our support to Namibia in achieving its financial inclusion goals.”
Speaking about Letshego's future intentions, Low said the lender would be committed to serving its clients well. “We are gearing up for financial wellness.”
Bank of Namibia governor Iipumbu Shiimi described Letshego as a financial trailblazer and welcomed the listing.
“I believe Letshego has been a strong partner in this journey of exclusive growth. Listing on the NSX is commendable and it broadens the ownership of the financial sector. Letshego is a trailblazer in this journey of financial inclusion,” said Shiimi.
According to him, the listing would help spur the growth of the financial sector locally.
“If some financial institutions list on the NSX, we will provide an outlet for money invested on the Johannesburg Stock Exchange and elsewhere to find a way home,” said Shiimi.
According to him, even though the central bank was in favour of having local ownership, the central bank was not totally against foreign ownership of financial institutions.
“We believe in a blend between local and foreign ownership. Those from the outside are permitted to come here and find local partnerships,” Shiimi said.
The Bank of Namibia awarded a banking licence to Letshego in June 2016. Letshego originally opened its doors in Namibia in 2002, as Edu Loan Namibia, before rebranding as Letshego Financial Services Namibia in 2008 after 100% acquisition by the Botswana-headquartered Letshego Holdings Limited.
OGONE TLHAGE
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