Letshego enters Nigerian market

Spreading wings: Letshego now operates in ten African countries
Spreading wings: Letshego now operates in ten African countries

Leading local micro-lender, Letshego Holdings has moved to acquire 100 percent stake in another commercial bank in Nigeria, FBN Microfinance Bank, a month after acquiring another bank in Tanzania.

The move is part of their strategy to expand into Africa.

FBN Microfinance Bank Limited is a deposit taking financial institution that specialises in micro-finance. It operates a branch network of 28 customer access points and has a staff complement of over 300, a depositor base of 80,000 customers and a loan customer base of over 10,000.

Editor's Comment
We should care more for our infrastructure, road safety

These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...

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