Letshego borrowing reaches N$3.1 Billion

Local borrowing by Letshego Holdings (Namibia) increased to N$ 3.1 billion in the year ended 31 December 2023 as the company undertook to finance growth and decrease reliance on parent funding. The company said in its financial results that it has been progressively implementing its digitalisation strategy in line with our ambition to grow market share. These sentiments were expressed by Chief Executive Officer, Ester Kali and Chairperson, Mansueta-Maria Nakale. Further, customer deposit mobilization continued in 2023 with growth from N$536 million at the end of 2022 to N$828 million at the end of 2023. The group remains optimistic about…