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Letshego Holdings Limited Strengthens the Senior Executive

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Letshego Holdings Limited Strengthens the Senior Executive Letshego Holdings Limited strengthens the Senior Executve Team with three new appointments Samuel Mothibi appointed Head of Human Resources to lead the implementation of Letshego’s people CAREN ROBB FREDERICK W. MMELESIcommitment SIMONstrategy KIOKO Deputy Group Managing Director Group Head of Consumer Solutons Group Head of Internal Audit Letshego Holdings Limited is pleased to announce Subsequent to Letshego Botswana’s appointment of Letshego Holdings Limited is pleased to announce the the appointment of Caren Robb as Deputy Group Boikhutso Tekane to succeed Frederick Mmelesi as CEO, Fred appointment of Simon Mutua Kioko as Group Head of Managing Director, heading up the Group’s strategic and now steps into his role of Group Head of Consumer Solutons. Internal Audit with efect from November 2016. transformatonal agenda. Caren’s appointment is efectve January 2017. Fred’s Group leadership role is in line with the Letshego Simon’s primary responsibility will be to validate that strategy to enhance its future capability model by appointng the Group has in place efectve governance, control Caren brings over 15 years of experience in the Consumer top talent to leadership positons. In this role, Fred is and risk management frameworks. Further, Simon will Finance sector to her role with Letshego. Most recently, she responsible for driving retenton and growth of our formal be responsible for assessing the robustness of these served as Commercial Director for af, a fnancial services sector business across the Group. Letshego’s consumer control environments and proposing enhancements that business providing innovatve customer and small-medium- solutons include its core business of lending to formally will ensure efcient executon of our business strategy in enterprise credit products across Africa. During her tenure, employed customers both in the public and private sector, conjuncton with approved risk appette limits. Also, he she was responsible for setng up subsidiary businesses in as well as savings, micro-insurance and related solutons. In will work with country leadership teams to ensure that Kenya, Zambia and Tanzania. Also, she was instrumental additon, Fred will provide oversight assistance to the CEOs of our operatons adopt internatonal best practce as well as in launching af’s unsecured credit products (retail cards, Letshego Botswana, Lesotho and Swaziland operatons. comply with country regulatons and laws. “Smartcash” loans and mobile-lending) and she played a key role in theSAMUEL development MOTHIBI of the business HEAD strategy. OF HUMAN PriorRESOURCES to joining Letshego, Fred earned a wealth of fnance Prior to joining Letshego, Simon was the Head of Credit experience from various organisatons which he served in Treasury and Legal Audit at the KCB Banking Group. Throughout her career, Caren has worked in various leadership diferent capacites. His 20 year career has spanned Grant Before that, he served as Deputy Project Management roles in global organisatons across the banking and fnance, Thornton Acumen, a fnance role at the BSE-listed Cash Ofce Leader overseeing the transformaton of the KCB as well as retail, industries; these include Standard Chartered Bazaar Holdings, followed by another fnance role at Boart Group afer a period as Head of Business and Governance Bank, RCS Groupetshego’s and Woolworths culture Financial of success Services. Shehas beenLongyear, built an Anglo over American an subsidiary.Samuel has over twoAudit. decades’ In additon professional to this, Simon has experience, worked as Head of of has experience in consumer fnance mergers, acquisitons Africa Treasury Product Control and Group Internal Audit and integraton,eighteen multnatonal year operatons,period since credit itsrisk inception Having joinedin Botswana. Letshego in 1999 aswhich a Financial the Administraton majority were(Wholesale invested Banking) between at Standard the Chartered banking, Bank mining Kenya. management,Today, product development, with operations growth and proftability,across ten Manager,African Fred countries, grew through theand ranks minerals to lead Letshego sectors, with the remainder in industry operations. regulatory engagementwhich andassist management, over system300,000 migratons, borrowers Botswana and as 100,000its longest-serving Prior CEO. to Throughjoining Fred’s Letshego, Simon Samuel has over 23 was years Chief working Operatingexperience in the O bankingfcer taxdepositors Lframeworks and from treasury a management.base of 2,300 committedleadership, team andmembers, working closely withat a Nationalteam of 400 Batswana,Development sector, Bank having ofhad Botswana roles in human (NDB) resources, and credithas the expansion programmes of Letshego Botswana have seen management, fnance and audit. Atour Letshego, people Caren remain is tasked with core developing to our and culture enhancing of success.the company We welcomedisburse P6 billionheld to 120,000 senior civil leadershipservants, roles in HR as well as operations within theSamuel Group’s strategic Mothibi agenda as as our well asnew ensuring Head the executon of Human whileResources contnuously to enhancinghelp themultinational solutons being delivered. banks, andHe major holds an local MBA from industries. the University of Nairobi and is an of the transformatonal plans to deliver this. In additon, she Associate Chartered Certfed Accountant (ACCA), Certfed willdrive oversee this the across Risk Management our footprint. as well as the Legal and Fred is passionate about Letshego as well as helping to drive Internal Auditor (CIA), Certfed Public Accountant (CPA), Compliance functons for the Group. To deliver on these the Group towards its vision of becomingHe holds Africa’s a leadingBachelor Certfedof Commerce Secretary (CS), degree Financial Services in Management Risk Management objectves,Our Carenstrategic will cover intent the Letshego is to footprint,build withAfrica’s inclusiveleading fnance inclusive group. Fred hasfrom a Master the University of Business of Botswana,Specialist (SIRM) he andhas professional successfully Banker completed (AKIB). He is added specifc geographic responsibilites for Mozambique, Administraton degree (MBA), Executve Development studying towards a PhD in Business Management. He Namibiafnance and Rwanda.group. Consequently, our people strategyProgramme encompasses (EDP), Management the Development Executive Programme Development is a member Programme of the Associaton at the of theUniversity Certfed Fraud of recruitment, talent development, performance(MDP), enhancement, Accountng and Business Stellenbosch Administraton Diplomaand has completedExaminers, Kenya various Insttute of other Bankers, short Insttute courses of Internal Carenskills-building is a Fellow Charteredand mobility, Management and leadershipAccountant development.(HND), and is a member of the inAssociaton people of managementAccountng Auditors and andleadership. Insttute of Risk Samuel’s Management professional (UK). (FCMA) and Chartered Global Management Accountant Technicians (AAT). (CGMA) and has served as a member of the CIMA Member qualifcations, in combination with a broad-base of experience, ServicesSamuel’s Commitee role in 2014 will / 2015focus in London on enhancing as the African and implementing key make him an ideal candidate to lead Letshego’s people representatve.elements Also,of theshe wasGroup a CIMA human Africa Regional resources Board (“HR”) strategy. This commitment agenda into the future. member between 2010 and 2015. includes such areas as learning and development, performance management and HR process re-engineering each in alignment We value the importance of harnessing talent and its impact Aboutto Letshego’s Letshego business Holdings strategy. Limited In addition, Samuel will engage on securing competitive advantage. Furthermore, we appreciate with Letshego country management teams to align the Group the exceptional talent we have seen emerge and grow from LetshegoHR policies Holdings Limitedand procedures (“Letshego”) was with incorporated country in 1998, laws is headquarteredand regulations, in Gaborone andwithin has been our publicly Letshego listed on team. the Botswana We believe Stock Exchange that investing since 2002. in Today our it people is one of Botswana’s largest indigenous groups, with a market capitalisaton in excess of USD500 million, placing it in the top 40 listed sub-Sahara African companies (ex-South Africa), and with an agenda focusedand ontogether inclusive fnance. explore Through strategies its eleven-country to optimise presence acrossteam Southern, engagement East and West Africais central (Botswana, to Ghana, our continued Kenya, Lesotho, delivery Mozambique, of Namibia,growth, Nigeria, performance Rwanda, Swaziland, and Tanzaniaand commitment. and Uganda), its subsidiaries provide simple and appropriate consumer, microfnance and savingsreturns, solutons and to thewe fnancially welcome underserved. Samuel to our family. Letshego is commited to skills development. The Group employs 3,000 team members, representng more than 20 natonalites, servicing a customer base of over 360,000 borrowers and 100,000 depositors through 315 customer access points. www.letshego.com.
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