Business / Economics

Letshego Namibia Reports Strong First-Half Financial Performance with 16% Profit Increase

today29 August, 2024

Background

Letshego Holdings Namibia, encompassing Letshego Bank and Letshego Micro Financial Services, has announced impressive financial results for the first half of 2024. The company achieved a 16% increase in profit after tax, reaching N$199 million, and a 14% rise in total revenue, largely due to a 21% growth in interest income. Notable achievements include a successful social listing on the Namibian Stock Exchange and a significant rise in customer deposits. CEO, Dr. Ester Kali emphasized the Group’s dedication to effective risk management and strategic expansion.

Written by: Leonard Witbeen

Similar posts

Namibia

Analab expands workforce with inauguration of new laboratory 

By: Selma Taapopi Analytical Laboratory Services has expanded its operations and now employs approximately 34 staff members, about 60 percent of whom are young people, marking significant growth from the four staff employed when it was established in 1997. The increase in staff follows the inauguration of a new laboratory in Windhoek on Wednesday, which will complement […]

today19 February, 2026