Letshego Group reinforces its focus on Southern Africa through the sale of operations. in East and West Africa

Letshego Africa Holdings Limited announced the signing of binding agreements for the sale.

from some of its operations in East and West Africa to Axian Digital Venture Holding

and Management Limited, in a strategic move aimed at reinforcing the group's focus on its

key markets in Southern Africa, including Mozambique.

The proposed transaction covers Letshego subsidiaries in countries such as Ghana, Tanzania, Nigeria,

Rwanda and Uganda, and it fits into the group's strategy of optimizing its portfolio, with the

The objective is to improve capital efficiency, strengthen the balance sheet, and focus resources on markets.

with greater scale and potential for sustainable growth.

According to Letshego Group Executive Director, Reinette van der Merwe, “This proposal

This transaction represents an important milestone in the execution of our strategy to simplify the Group and

We focus on markets where we have greater scale, a stronger competitive position, and...

"More appealing opportunities for sustainable growth."

The official adds that the reorganization will allow the institution to "increase the efficiency of

capital, strengthen its financial position and offer sustainable long-term value to the

shareholders”.

The group also highlights that Axian Digital Venture Holding and Management Limited has

financial capacity, operational experience and knowledge of the African market for

to ensure the continuity and growth of the operations to be sold, while maintaining the

Commitment to financial inclusion.

Letshego clarifies that its operations in Mozambique are not part of the transaction and

They will continue to operate normally, without any impact on customers, partners or

collaborators.

The institution reaffirms its commitment to the Mozambican market, where it has been...

to consolidate its presence and expand access to inclusive financial services.

From a financial standpoint, Letshego expects the transaction to strengthen its position of

Regulatory capital, improve liquidity, and strengthen the resilience of its balance sheet. The operation should

and to contribute to a more efficient use of financial resources and to the improvement of

Return on equity over time, allowing the group to focus more on solutions.

Staggered short-term credit and expansion of transactional and savings products.