Letshego secures $15.8-million loan from Proparco for Botswana expansion
The funding aims to advance Letshego’s mission of delivering inclusive financial solutions across Botswana.
The funding aims to advance Letshego’s mission of delivering inclusive financial solutions across Botswana.
The $50-million loan from Proparco represents a significant milestone for NCBA Group as it continues to drive sustainable economic growth and support SMEs in Kenya.
Equity Group is a leading East and Central Africa financial services conglomerate.
Proparco will become the regional insurance group’s largest investor.
Galea owns 15.43 percent of the insurer, worth $25.5 million.
The $75-million deal will provide loans to female-led micro, small and medium-sized businesses in four African countries.