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BILETS-Board Changes
Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442
(JSE Code: “BILETS”)
(“Letshego Holdings” or “the Company” or “the issuer”)
This announcement is being released on the Johannesburg Stock Exchange for
information purposes only in respect of Letshego Holdings Limited’s Note
Programme.
NOTICE TO MARKET PARTICIPANTS
____________________________________________________________________________
Letshego Holdings Limited ("LHL" I “The Company” I "the Group" I "Letshego") was
incorporated in 1998, is headquartered in Gaborone and has been publicly listed
on the Botswana Stock Exchange (BSE) since 2002. Letshego is an inclusive
finance organisation, driven by its digital-first vision to achieve a marked
social impact within its 11 subsidiaries across sub-Saharan Africa.
The Board of Letshego Holdings Limited has affirmed the appointment of Aobakwe
“Aupa” Monyatsi as Group Chief Executive with immediate effect, and subject to
regulatory approvals. Prior to this appointment Aupa held the same role in an
interim capacity from 4 May 2022, having led the inclusive finance entity’s
digitalisation of systems and operations for the last two years in his first
Letshego role as Group Chief Operating Officer (Group COO).
Aupa is a well-rounded and experienced pan-African regional banker, with
demonstrated tech and digital-savvy expertise having spearheaded and developed
innovation and virtual channel strategies in his previous role as Absa Group’s
‘Managing Executive for Alternative Channels’. His career journey has provided
Africa-wide experience from Ghana, Senegal, Nigeria and Kenya, having led a team
in incubating fintech’s that drive financial inclusion through mobile money,
block chain and AI (Artificial Intelligence). With a clear balance of financial
and technical experience, Aupa is ideally placed to steer Letshego into the
Group’s next chapter of embedding and monetising the Group’s recent investment
into digital systems and product innovation.
Enos Banda, the Group Chairman of Letshego Holdings Ltd affirmed the appointment,
adding, “Aupa is an ideal candidate to take Letshego into the next generation
where we aim to realise the benefits of our recent tech investments, and embed
the exciting advancements and transformation initiated by the Management Team
over the last two year period. Aupa brings a proficiency in retail tech, diverse
pan-Africa financial sector experience as well as a passion to make a difference.
His dynamic and personable leadership style, balanced by his empathy and
appreciation for people, makes him an ideal candidate to lead our organisation.
Aupa’s appointment evidences Letshego’s progress in building a robust succession
plan for our future organisation, as we progress in our vision to be worldclass.”
During his career at ABSA Botswana, Aupa was Chief Operating Officer and Head of
Distribution Channels, with his latest role being Acting Managing Director for
ABSA Botswana before transferring to the bank’s Africa head office in South
Africa, as Managing Executive for Alternative Channels.
Commenting on his appointment, Aobakwe “Aupa” Monyatsi, Group Chief Executive
added, “Letshego’s ambition to achieve a sustainable impact for more broader pan-
African regional communities by extending access to simple yet productive
financial solutions, has always inspired me to be part of the organisation. I am
now excited to lead, support and inspire our diverse and dynamic pan-African
teams to unlock our collective potential for the benefit of our people, as well
as the benefit of our customers, stakeholders and communities where we operate.
I have been inspired by the warmth and support received since I joined Letshego,
and I am honoured to lead the Group into our next chapter of evolution, securing
long term shareholder return.”
Letshego Holdings Ltd (“Letshego Group”) is a truly African multinational
organisation, headquartered and listed in Botswana and focused on delivering
inclusive finance solutions to broader market populations across its 11 sub-
Saharan Africa footprint. With a staff complement of over 3,000 – including both
direct and indirect sales agents – Letshego is synonymous with leveraging
innovation and technology to improve the lives of individuals who have limited
access to traditional financial services
GABORONE, Friday, 10 June 2022
Debt sponsor in South Africa
Keletso Moloi: 0117218043 or keletso.moloi@standardbank.co.za
The Standard Bank of South Africa Limited, acting through its Corporate and
Investment Banking division
Date: 10-06-2022 05:01:00
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