By Business Reporter
LETSHEGO Holdings Namibia (LHN), which prides itself on its strong financial inclusion approach, is excited to announce plans for another empowerment opportunity for Namibia. LHN will be offering its shares for sale to Namibians through a planned Initial Public Offering (IPO), enabling the people of Namibia to be part of Letshego Namibia’s history of improving life.
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.
In line with this, the planned IPO will include people who are typically financially excluded, and are a key part of Letshego’s financial inclusion strategy.
Letshego Namibia Holdings Chief Executive Officer, Ester Kali, said, “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 that 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.”
The planned Letshego IPO will be a first-of-its-kind on the Namibian Stock Exchange (NSX), as the public offer will give preference to Namibian residents.
There will be a primary focus on previously disadvantaged Namibians (PDNs).
“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. This is 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.
LHN continues to engage all key stakeholders and regulatory authorities, ahead of this historic IPO. More information will be made available to the public in due course.
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