Letshego Sells Five African Units to Axian as Kenya Waits Behind a Legal Snag

Botswana · DEALS

Key Facts

—The seller: Botswana-listed financial services group Letshego Africa Holdings Limited is retreating from peripheral African markets to focus on its core Southern African operations.

—The buyer: Axian Digital Venture Holding and Management Limited, the acquisition vehicle of Axian Group, the Madagascan telecoms and financial-services group built by the Hiridjee family and active in 21 African countries. The vehicle is registered in Dubai; the group behind it is African.

—Assets sold: Letshego has signed binding sale and purchase agreements for 100 per cent of its subsidiaries in Uganda, Rwanda, Tanzania, Ghana and Nigeria.