ADVERTISEMENT

Afb Ghana Plc sold to Letshego

It brings Letshego’s country presence to eleven across sub-Saharan Africa and its customer base to over 480,000.

___6070811___https:______static.pulse.com.gh___webservice___escenic___binary___6070811___2017___1___18___11___letshego

Letshego is an inclusive finance focused group with consumer lending, microfinance and deposit-taking subsidiaries across Southern, East and West Africa.

The acquisition of afb adds to Letshego’s expansion of its West African presence after its 100% acquisition of Letshego Nigeria MFB (formerly FBN Microfinance Bank) in 2015.

ADVERTISEMENT

In view of this, afb’s trading name will be changed to Letshego Ghana Limited and its brand to Letshego in 2017.

afb in Ghana currently offers innovative credit products to over 60,000 customers across its network of more than 25 branch and customer access points.

Managing Director of afb Ghana Plc, Arnold Parker said the Ghanaian team was happy to be joining the Letshego Group, with very clear ambitions for inclusive finance-oriented growth across the continent.

“We are excited to be joining the Letshego Group, and I have no doubt that we will benefit from this vision and strategic focus. While we have a profitable and successful customer delivery model, we look forward to the innovations and capacity-building that Letshego’s engagement will bring to our business, the Ghanaian people, and the economy.”

ADVERTISEMENT

On his part the Group CEO of Letshego Chris Low also said it was exciting to be welcoming the afb team from Ghana into the Letshego family at this time.

“As a Group, we continue to focus on the acceleration of all four of our strategic pillars, namely embracing financial inclusion, growing the franchise, enhancing our customer experience and embedding our future capability model. We believe afb has a platform that will enable us to roll out our full-service inclusive finance model of loans, savings, payments and micro-insurance in support of development of the economy of Ghana.”

“As a leading indigenous BSE-listed company, we intend to further enhance our product and solution offerings and expand our customer base as we seek out opportunities to better respond to the financially under-served populations across sub-Saharan Africa,” he said.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT