Letshego Africa Proposes Sale of Five East and West Africa Subsidiaries
Summary
Letshego Africa Holdings Limited and its subsidiary Letshego Mauritius Limited have entered into a binding framework agreement with Axian Digital Venture Holding and Management Limited for the proposed sale of 100% of the issued share capital in five subsidiaries across East and West Africa: Letshego Ghana Savings and Loans PLC, Letshego Faidika Bank Tanzania Limited, Letshego Microfinance Bank Nigeria Limited, Letshego Rwanda Limited, and Letshego Uganda Limited. The transaction is subject to customary suspensive conditions including regulatory and competition approvals in relevant jurisdictions, lender consents, and compliance with Botswana Stock Exchange Listings Requirements Chapter 6. Implementation will occur on a per-subsidiary basis upon fulfilment of applicable conditions. The BSE is currently considering the transaction details, and a further announcement will be released once the process is completed.
Listed companies on the BSE conducting material corporate transactions involving subsidiaries should ensure compliance with Chapter 6 of the Listings Requirements, which governs disclosure obligations for transactions that may affect security prices. The cautionary instruction to shareholders to exercise caution when dealing pending a further announcement reflects standard market practice under securities disclosure frameworks.
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GovPing monitors Botswana Securities Exchange for new securities & markets regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 8 changes logged to date.
What changed
Letshego Africa Holdings Limited announced a proposed sale of five East and West Africa subsidiaries to Axian Digital Venture Holding and Management Limited under a binding framework agreement. The subsidiaries span Ghana, Tanzania, Nigeria, Rwanda, and Uganda, covering the microfinance and banking operations in those markets. The transaction is subject to regulatory and competition approvals, lender consents, and BSE Listings Requirements compliance, with implementation proceeding on a per-subsidiary basis.
Listed companies and their advisers considering similar cross-border divestitures should note the reference to Botswana Stock Exchange Listings Requirements Chapter 6, which governs material transaction disclosures for listed entities on the BSE. The cautionary language to shareholders regarding dealing in securities until a further announcement reflects standard exchange obligations when a transaction may have a material effect on security prices.
Archived snapshot
Apr 25, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
LETSHEGO AFRICA HOLDINGS LIMITED Incorporated in the Republic of Botswana with limited liability under Registration Number BW00000877524 BSE Code: LETS-EQO ("Letshego Africa" or the "Company" or the "Group")
ANNOUNCEMENT PROPOSED SALE OF CERTAIN EAST AND WEST AFRICA SUBSIDIARIES
Shareholders are referred to the cautionary announcements previously published by the Company on X-News, with the most recent being dated 24 March 2026. The Board of Directors advises shareholders that Letshego Africa and its subsidiary, Letshego Mauritius Limited, have entered into a binding framework agreement with Axian Digital Venture Holding and Management Limited in respect of the proposed sale of 100% of the issued share capital in the following subsidiaries:
- Letshego Ghana Savings and Loans PLC;
- Letshego Faidika Bank Tanzania Limited;
- Letshego Microfinance Bank Nigeria Limited;
- Letshego Rwanda Limited; and
- Letshego Uganda Limited, (the "Transaction"). The Transaction is subject to customary suspensive conditions, including regulatory and competition approvals in the relevant jurisdictions, lender consents, and compliance with the Botswana Stock Exchange Listings Requirements ("Listings Requirements"). Implementation will occur on a per-subsidiary basis upon fulfilment of the applicable conditions. The details of the Transaction are currently with the BSE for consideration in accordance with Chapter 6 of the Listings Requirements. A further announcement will be released with the full details of the Transaction once the process has been completed. As the Transaction may have a material effect on the price of the Company's securities, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.
The Board accepts responsibility for the information contained in this announcement and confirms that, to the best of its knowledge and belief, the information contained herein is true and correct and does not omit any material fact. The Board wishes to remind shareholders that all Group and subsidiary businesses remain uninterrupted by the Transaction and continue to operate as usual. For any enquiries, please email investor@letshego.com
By order of the Board
24 April 2026
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