Letshego Africa Holdings (Letshego Group) has announced the appointment of Brighton Banda as the Interim Group Chief Executive Officer, effective 15 February 2025. The announcement comes alongside a decision to reduce the notice period of outgoing Group CEO Aupa Monyatsi to one month, meaning his last day in office will be 14 February 2025.

The update follows Letshego’s initial announcement on 21 January 2025, informing shareholders of Monyatsi’s resignation. Originally set to serve a three-month notice period, the outgoing CEO will now depart earlier than anticipated.

Banda, who joined Letshego in March 2024 as Chief Products Officer and Regional CEO for East and West Africa, brings extensive experience in the financial services sector. His career spans leadership roles in retail banking and payments management across Africa, having previously served as Head of Retail Lending at Absa Africa, Director of Retail and Business Banking at Barclays Botswana (now Absa), and various leadership positions at Standard Bank Africa and Standard Chartered. Before joining Letshego, Banda was the Managing Director for Airtel Money in Malawi, where he was responsible for strategy execution and operational growth in mobile financial services.

The Letshego Board of Directors has assured stakeholders that the search for a permanent Group CEO is ongoing. Meanwhile, the company remains in a closed period until the announcement of its Annual Results, expected on or before 31 March 2025. Shareholders are advised to exercise caution when trading company shares during this time.