Letshego enters West Africa

West Africa remained a high potential market that Letshego had not broken into. In late 2015, the Group closed a transaction to acquire 100% of FBN MFB, the microfinance banking subsidiary of FBN Holdings, Nigeria's oldest bank. This acquisition affords Letshego the opportunity to gradually expand into all of Nigeria through FBN MFB's national banking licence from its 28 branch footprint in Lagos and Abuja today, with Letshego's diversified solutions and access options being deployed to grow this important business.