Letshego Ghana Savings and Loans PLC has written directly to its investors and noteholders to confirm that it is among the assets being sold by its parent company, Letshego Africa Holdings Limited (LAHL), as the Botswana-listed microfinance group moves into the final phase of a disposal process that has been underway since September 2024.
In a notice dated March 27, 2026, signed by Chief Executive Officer Nii Amankra Tetteh, Letshego Ghana told investors that the potential transaction is now at an advanced stage, and that formal engagements with bondholders including disclosure of the identity of the potential buyer will be scheduled in the coming weeks. The company emphasised that its day-to-day operations remain fully uninterrupted.
Letshego Africa Holdings confirmed it is in the final stages of negotiations with an unnamed counterparty for the sale of assets across East and West Africa, with Ghana, Nigeria, Uganda, Rwanda, and Tanzania identified as the markets in scope.
LAHL posted a full-year loss of BWP235.5 million for 2025, more than doubling from BWP93.3 million in 2024, as the group absorbed a BWP519.5 million drag from discontinued operations tied to the planned exit, largely reflecting International Financial Reporting Standards (IFRS) 5 valuation adjustments applied to the assets earmarked for sale. Stripping out those discontinued markets, the group’s core Southern African operations delivered a 362 percent surge in profit after tax to BWP284 million, driven by improved credit quality and a loan loss ratio that improved to 1 percent from 4.5 percent a year earlier.
The sale process has direct implications for Letshego Ghana’s noteholders on the Ghana Fixed Income Market (GFIM), where the company has outstanding bonds maturing in 2026, 2027, and 2029. Letshego Ghana Savings and Loans PLC reported a profit after tax of GH¢71.1 million for the nine months to September 2025, though its non-performing loan ratio remained elevated at 25.6 percent, well above the Bank of Ghana’s 10 percent regulatory cap.
LAHL’s Group Chief Executive Officer Reinette Van der Merwe made her first visit to Ghana in March 2026, meeting with the regulator, in what observers interpreted as part of the formal regulatory engagement required ahead of any ownership change in a licensed financial institution.
A change of ownership in Letshego Ghana would require approval from the Bank of Ghana. The identity of the prospective buyer has not been disclosed, and Letshego Ghana has indicated that further details will be shared with investors formally once the transaction progresses to that stage.
