Letshego Financial Services Botswana (“Letshego Botswana”), the country’s leading non-bank financial institution and a wholly owned subsidiary of Letshego Africa Holdings Limited (LAHL), has announced the successful establishment of a BWP 2 billion Domestic Medium-Term Note Programme aimed at expanding its inclusive finance solutions and strengthening its funding base.
The unlisted debt issuance initiative will enable Letshego Botswana to raise capital through fixed and floating rate notes issued in tranches with varying tenors. The proceeds will support the growth of the company’s diversified portfolio, including personal loans, digital loans via mobile platforms, affordable housing finance, purchase order financing, and micro-insurance products tailored for small and micro-entrepreneurs.
Chief Executive Officer of Letshego BOLESWA (Botswana, Lesotho and Eswatini), Kgotso Bannalotlhe, said the Note Programme represents a strategic step in the company’s long-term vision of promoting financial inclusion and innovation. “This Note Programme is a key enabler of our strategy to deepen financial inclusion,” said Bannalotlhe. “It positions us to better serve our customers, diversify our funding sources, and deliver long-term value to stakeholders.” The initiative builds on Letshego Group’s established presence and performance in Africa’s capital markets. With a strong balance sheet and a consistent track record, the company aims to leverage this programme to attract both local and international institutional investors seeking impact-driven opportunities. Chief Financial Officer of Letshego Botswana, Phindile Ndladla, underscored the programme’s role in improving liquidity and reducing the overall cost of capital.
“This programme strengthens our balance sheet and enhances our ability to deliver sustainable financial solutions at scale. It also demonstrates our disciplined approach to capital management and long-term value creation,” she said. Transaction partners for the programme include RMB Botswana as arranger, dealer and transfer agent; Armstrongs as legal advisors; Kewagamang Legal as trustee; and Desert Secretarial Services Proprietary Limited (DSS) as calculating and paying agent.
Letshego Botswana will soon embark on an investor roadshow, with the first tranche expected to be issued within the current quarter. The programme is particularly targeted at institutional investors, pension funds, and development finance institutions aligned with Botswana’s inclusive and sustainable economic agenda. Designated spokespersons for the programme are Kgotso Bannalotlhe, Chief Executive Officer, and Phindile Ndladla, Chief Financial Officer.
