LETSHEGO GROUP BAGS PROFITABLE 2019 1ST HALF

Letshego Group, a financial institution headquartered in Botswana with subsidiary companies in 11 African countries including Tanzania, has announced profit of Tanzanian Shillings 81.9bn/- for the first six months of 2019, being two per cent lower compared to Tanzania Shs 83.2 profit realised during the similar period last year.

The Acting Chief Executive Officer of the Letshego Group, Mr Dumisani Ndebele, told the media that the Group was proudly African and has continued to place itself in a better position to deliver financial services especially to those underserved by mainstream banking services.

“Generally, the Letshego Group business trend for the first six months ended June 30, 2019, was within expectations and set targets. Although there were management changes, we have witnessed good progress in the first half period for 2019. We are working on improving our services to ensure more revenue sources and reduction in operational costs,” said Mr Dumisani.

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