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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

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

todayAugust 29, 2024 21

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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

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