The Board of Directors of Letshego Holdings have announced that Chris Low, the Group Managing Director, has decided to step down from his role after five years at the helm, to pursue other opportunities.
Letshego has made significant progress towards developing into a pan-African inclusive finance provider, operating across 11 countries with 6 deposit taking licenses and in the last financial year recorded over P 1 billion in profit before taxes.
“We would like to thank Chris for his leadership of, and contribution to, Letshego. During Chris’s tenure, Letshego has become one of Botswana’s largest multinational providers of simple, appropriate and accessible financial solutions,” said the company.
“Gaborone has been at the heart of the Letshego business for 20 years and we see a bright future for our operations here, and across the continent. A Management Transition Team has been established and will be responsible for the management of Letshego while the Board identifies a successor.”
The Management Transition Team will be led by Colm Patterson, the Group Chief Financial Officer of Letshego. Chris will continue to work with the Company as an advisor during this period, to ensure a smooth transition.
Chris Low said he was incredibly proud of the business Letshego is today and the team that has built it. He said he looked forward to watching the Company continue to flourish and to improve the lives of Africans across the continent.
A thorough search has been initiated to find a permanent Group Managing Director. An announcement will be made in due course. Letshego continues to drive its financial inclusion strategy and strengthen its operations through investment in technology, people, and strategic partnerships. The Board is confident that the Company is well positioned to benefit from the growing markets across its sub-Saharan footprint.