Letshego Africa sells five subsidiaries, incurring P281 million loss
via Mmegi1 min read
Letshego Africa, a homegrown microlender, is divesting five of its East and West African subsidiaries, resulting in a P281 million loss. This move follows an ambitious expansion strategy initiated in 2005. In January 2005, Letshego Africa, then seven years old, established its first international presence in Uganda, a significant step for a local company, bypassing closer regional markets.
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Original source
This summary was AI-generated from a story originally published by Mmegi.
