Microfinance services in Africa have enjoyed massive growth among rural, low end clients like this maize farmer. Photo/FILE
The recent acquisition of Micro Uganda by Letshego Holdings of Botswana, coming on the back of micro-lender Finance Trust getting a commercial banking licence in November last year, backs an emerging trend towards consolidation in the country’s microfinance sector.
Analysts attribute Letshego’s acquisition to Botswana’s Public Pension Fund, a big shareholder with deep pockets.
