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“Letshego Needs More Patience”  

The CEO of BIHL said this to gird her position that the leading insurer won’t be leaving the pan-African micro-lender 

mm by Kitso Dickson
September 4, 2022
in Companies & Markets
Reading Time: 1 min read
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“Letshego Needs More Patience”  

GABORONE 29 August 2022, Financial service provers Letshego Holding Limited announces the half year financial result in Gaborone on 29 August 2022. Group Chief Executive officer Aobakwe Aupa Monyatsi and Group chief finance officer Gwen Muteiwa announce the result to the guests. The result reflects 18 paercent less profit before Tax compare to the last year same period. Monyatsi during the result announcement. (Pic:MONIRUL BHUIYAN/PRESS PHOTO)

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Botswana Insurance Holdings Limited (BIHL) is not contemplating exiting from Letshego Holdings Limited, the CEO of Botswana’s leading insurance group, Catherine Lesetedi, has said. 

She was responding to a question during a Q&A session at the end of the insurer’s results presentation for the half-year ended June 2022 this week. 

Letshego is operating in a high interest rates environment and a concern by analysts is that the pressure on its margins will persist, potentially dragging down fair value. 

Earlier in the week, Letshego had disclosed that a hawkish environment has impeded profitability trajectory. This is especially because the company said it does not immediately pass on cost of funding to its customers. 

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Tags: BIHLCatherine LesetediTransformation Strategy

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