Staff Writer
The board of directors of Letshego Holdings Namibia Limited (LHN) have announced that Ester Kali, chief executive officer of Letshego Holdings Namibia Limited (LHN) and Letshego Bank Namibia Limited (LBN), will reach retirement age at the end of August 2027.
Kali joined Letshego in 2014 through Letshego Micro Financial Services.
She went on to lead the establishment of Letshego Holdings Namibia Limited, which is listed on the Namibian Stock Exchange, and Letshego Bank Namibia Limited, which is committed to serving Namibians’ banking needs.
Under her leadership, Letshego Namibia has delivered sustained growth and stronger value for its shareholders.
For the year ended 31 December 2025, the company reported a profit after tax of N$505.8 million, an increase of 130.1% from N$219.8 million in 2014, and recorded consistent positive growth across all its business diversification drivers.
Shareholders have also benefited, with the share price rising 71.1%, from N$3.80 at listing to N$6.50 as at 9 November 2026.
“Ms. Kali’s leadership, dedication and resilience have strengthened our business and laid a solid foundation for the future,” said Lionel Matthews, chairperson of the LHN board.
To ensure an orderly transition, the board will begin a transparent recruitment process to identify her successor, allowing sufficient time for appointment and handover.
Kali will continue to lead the business and is expected to remain with Letshego Namibia until 31 December 2027 to support a smooth transition.
Further announcements will be made once recruitment has concluded and the necessary governance and regulatory approvals have been obtained.
Letshego said it remains focused on delivering its business priorities and maintaining continuity for customers, employees and shareholders.
The company said the board and the employees of Letshego Namibia extended their sincere appreciation to Kali for 12 years of leadership, commitment and contribution, and for her continued support in ensuring a smooth and responsible handover.
