Letshego announces planned listing

Letshego will be offering its shares for sale to Namibians through a planned initial public offering (IPO). This comes on the back of its chairman Enos Banda's recent visit to Namibia. Letshego's purpose is to provide simple, appropriate and accessible solutions to the financially under-served and excluded in a sustainable manner, including, but not limited to, government employees. The move its CEO says will bode well for the country's financial inclusiveness agenda. “We believe that to be totally financially inclusive, we should offer Namibians the opportunity to be part of our growth. Through the planned IPO, partners, customers and wider stakeholders of Letshego have an opportunity to own shares in this business they have come to know so well. As we grow, so shall ordinary Namibians' wealth. We believe this is what empowerment is all about, as Letshego is now becoming our Letshego,” group CEO Ester Kali said of the planned listing. The planned Letshego IPO will be a first of its kind on the Namibian Stock Exchange (NSX), as the public offer will prioritise educating members of the public, giving preference to Namibian residents. This is with a primary focus on previously disadvantaged Namibians. “We will be calling our planned IPO 'Ekwafo Letu', which means 'Our Support'. This is in recognition of what Letshego, at its core, stands for: to provide support. Support to those who are typically under-served by traditional financial institutions. Our Letshego story is about empowerment, via the solutions we provide, and now via Ekwafo Letu,” said Kali. STAFF REPORTER

Letshego announces planned listing

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Namibian Sun 2025-05-02

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Letshego announces planned listing

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Namibian Sun 2025-05-02

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