Botswana: Letshego Celebrates Milestone

| July 21, 2016

Minister of Finance and Development Planning has congratulated Letshego Holdings Limited on being the first African private sector organisation and the fifth globally, to be granted Alliance for Financial Inclusion (AFI) partnership status.

Speaking during the company's 18th year anniversary, Mr Kenneth Matambo said the company joined global partners such as BBVA, GSMA, Mastercard and Visa.

"This recognition by AFI, a global platform of national financial regulators furthering financial inclusion, underscores Letshego's readiness and intent to support governmental socio-economic development agendas," he said.

With the country in the midst of a monumental season in its history of marking 50 years of Independence, Mr Matambo said Batswana were afforded an opportunity to take a moment to review the significant contributions made by "this establishment not only to the local financial services sector, but to the many lives across our country and the nations across our African continent which have been impacted by Letshego".

"At my ministry, we applaud the contributing role of private sector partners, such as Letshego, to our national agenda in creating greater prosperity for Batswana," he said, adding that government is tasked with implementing strategies that are aimed at alleviating poverty and, further, increasing the financial prosperity of Batswana.

Minister Matambo further noted that government's strategies seek to include each and every Motswana to ensure that no one is left behind.

"It is a pleasure to notice how Letshego and my ministry share this core principle in our mandates, as I have been reliably informed of Letshego's passion for driving financial inclusion," he said.

Minister Matambo further highlighted the importance of private sector businesses supporting and working with government to bring about sustainable growth and progress.

He said government cannot, and should not, do it alone when the country has so many able and passionately-minded corporates who could make Botswana's sphere of influence and Batswana's potential for impact that much greater.

He said human capital development remains a high priority for government in order to achieve greater citizen economic empowerment, as well as social and economic development.

For his part, Letshego Holdings Limited Group managing director Mr Chris Low said the company's financial inclusion underpinned Letshego's strategic agenda.

"From the moment we opened our doors in Gaborone in 1998, what has set us apart from the rest is our deliberate positioning and clear focus to cater for those who conventional institutions see as "risky". We are humbled by, and proud of, our invaluable niche that has improved lives by servicing hundreds of thousands customers, that in turn has positively impacted their families and their communities," he said.

Source: Botswana Daily News

Category: Uncategorized

Comments are closed.