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

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.