Search Results

MEDIA RELEASE                             Issued: 12 March 2024      Letshego Bank, in partnership with Exquisite Conferencing, hosted a celebration event on International Women's Day at the Windhoek Country Club and Resort.  The gathering served as a platform to reflect on the achievements, progress, and opportunities of women, inspiring solutions for the future.   Phenomenal women from various backgrounds and industries came together for a day of empowerment.  Through this event, Letshego Bank seeks to foster positive dialogue and invest in women's progress for the betterment of our communities.   Admiring the progress Minister in the Presidency, Hon. Christine //Hoabes, inaugurated the conference with a reflection on her career journey and the collective achievements of Namibian women, particularly in parliament.  Hon //Hoabes emphasised that "Women have consistently demonstrated resilience, creativity, and determination to drive positive change.  Their voices have been crucial in shaping policies, influencing public opinion, and inspiring future generations to strive for a better tomorrow." She also commended Namibia and male leaders for paving the way for qualified women to assume leadership positions, contributing to Namibia's ranking as one of the top countries globally for female parliamentary representation, ranking 17th worldwide and 2nd in Africa.   Embracing your self Keynote speaker Ms. Karen Abercrombie, a highly respected and award-winning actress, producer, and singer-songwriter known for her iconic role in the acclaimed film War Room, was the highlight of the Letshego Women's Conference.  Abercrombie took the stage as the keynote speaker, inspiring women to embrace their God-given gifts.  "One of the best things you can do with the gifts you have been given is to become an expert at it," she encouraged.  Furthermore, Abercrombie urged women to embrace their uniqueness and refrain from comparing themselves to others.  "Let us never compete or compare ourselves; after all, how can a rose compete with a lily or daisy?  Impossible!  How can an orchid compete with a sunflower?  Impossible!  Trust the God of creation that brought you here; just be your true, authentic, amazing, extraordinary self," she emphasised.   Recognising where we are Joining Abercrombie were six remarkable women who shared their expertise and experiences, each offering a unique perspective from their respective industries.  Dr Ester Kali, the CEO of Letshego Bank, emphasised the importance of gender equality and the three pillars of women's empowerment: wisdom, worth, and wealth.  She highlighted that according to the United Nations Women Initiative, an additional $360 billion per year is required to achieve global gender equality.  The potential impact is substantial, as closing gender gaps in employment could boost GDP per capita by 20%.  Furthermore, closing gaps in care and expanding services with decent jobs could create almost 300 million jobs by 2035.  Suppose we don't do anything, and this problem persists.  In that case, more than three hundred and forty-two million women and girls could be living in extreme poverty by 2030.  She further emphasised the importance of women recognising and embracing their inherent values, independent of external validation or societal norms.  Encouraging women to reflect on their passions and uniqueness, Kali highlighted the significance of recognising one's worth and authenticity as key anchors to empowerment.   Lead with Integrity Ms. Rosalia Martins-Hausiku, CEO of MVAF, delivered a powerful message on leading with integrity.  "Do not wait until you hold a specific title to consider yourself a leader or to make decisions requiring leadership," she emphasised.  Leadership begins within our homes, where we already serve," she added, urging women to recognise and embrace their innate leadership qualities.  Dr. Martha Uumati, the managing director of Erongo Marine Enterprises, spoke on the authentic self as a leader.  Through sharing her story of leadership, she emphasised the importance of prayer and living in truth and authenticity as a leader.   Know your Purpose Ms. Mutindi Lydia Jacobs, a lawyer and serial entrepreneur, discussed the importance of finding your purpose and gift.  She reflects on her journey and how she continuously seeks her purpose and fulfils it through various business ventures.  "Once you are aligned to your purpose, everything else will fall into place.  Be mindful of what makes you angry and what upsets you.  What you cannot tolerate?  The essence of it making you angry is for you to change it and find a solution, so be mindful of that when you are busy identifying your purpose," she eluded.   Additionally, Ms. Natalie Russmann, the resident representative of the Konrad-Adenauer-Stiftung, spoke on democracy and economic development.  "Recognising the important roles women play in shaping Namibia's social, political, and economic landscape is paramount.  Their natural leadership roles transcend beyond homes into society," she said.   Personal Brand Ms Nellie Kangwa centred her discussion on internationalising a brand and cultivating strategic global partnerships.  She recounted her journey, highlighting a pivotal moment in her childhood story that became integral to her outlook on life and forming a brand identity as a solutionist.   She mentioned that women must be intentional about building their brands, as this enables them to connect with the right people, culminating in achieving their ultimate purpose.  She urged women to identify their strengths and invest in honing their talents and overall well-being, emphasising the importance of achieving a balanced distribution of their efforts.    Naturing your Spirituality Ms. Olivia Kangandjela emphasised the significance of nurturing one's spirituality, highlighting its crucial role in addressing the challenges women encounter daily.  "Nurturing our spiritual selves empowers us to live purpose-driven lives.  Devoid of purpose is void of meaning.  It guides us to align with the will of God, fostering stability amid life's myriad challenges," she remarked.   The room overflowed with wisdom as more than 250 influential women from various backgrounds.  Ms Hilma Tuyenikelago Uudhigu-Shikodhi, one of the conference attendees and the founder and director of Women Positive, shared her reflections on the conference, expressing, "I am inspired to connect, enhance my brand, and break through limitations.  Overall, I am very delighted that I chose to attend this event; the speakers were truly inspiring and informative.  Thank you to Letshego and all the sponsors for providing this empowering platform for women."   The Letshego Women's Conference stood as a beacon of inspiration and solidarity, providing a platform for women to share their stories, celebrate their achievements, and discuss solutions.    For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                             Issued: 6 March 2024 Annually, on 8 March, the world commemorates International Women’s Day.  This year’s theme, “Invest in Women: Accelerate Progress,” focuses on the 5th Sustainable Development Goal.  Women from all walks of life will gather at the Windhoek Country Club and Resort on 8 March 2024 for the Letshego Women’s Conference.  The event will unite inspirational women from diverse backgrounds to connect and empower one another. The Letshego Women’s Conference, in collaboration with Exquisite Conferencing, aims to provide a platform for women to share their stories, celebrate their achievements, and discuss challenges and the tools needed to overcome them.  With the theme “Sisterhood, Sand & Stories Untold,” the event will showcase keynote speaker Ms. Karen Abercrombie, an award-winning actress, producer, and singer-songwriter from the USA, popularly known for her role in the award-winning film War Room. Gwen Snyders of Exquisite anticipates a day full of knowledge, networking and inspiration from the astounding line-up of speakers.  Letshego Namibia, as the lead sponsor, has invested N$400,000 towards this event, seeing the importance of such discussions to be highlighted on International Women’s Day.  “The conference aims to empower women to break through barriers, embrace leadership roles, and champion change in their communities and beyond.  Through thought-provoking discussions and collaborative initiatives, attendees will gain practical and valuable insights to navigate challenges and seize opportunities for advancement.  Such initiatives align with our core values of improving lives,” confirmed CEO Dr Ester Kali. Participants will be able to connect with like-minded individuals, exchange ideas, and forge meaningful partnerships for collective impact.  Twelve women have been selected to grace the program, and each speaker will add a different perspective from the various industries they lead.  The phenomenal speakers are Karen Abercrombie, Dr Ester Kali, Rosalia Martins-Hausiku, Patty Karuaihe-Martin, Mutindi Lydia Jacobs, Natalie Russmann, Dr Nellie Kangwa, Rachel Nathaniel-Kock, Dr Martha Uumati, Emilia Nghikembua and Olivia Kangandjela. More than 300 savvy businesswomen with diverse backgrounds passions and in pursuit for a day of candid conversation, provocative thoughts, and workable solutions are anticipated to attend.  For more information about this event, contact Gwen Snyders at 0812005244. For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                             Issued: 28 February 2024 "I felt welcomed by everyone, and I was immensely happy that my parents and family members supported me with their prayers throughout the competition and journey to Windhoek," shared Kandjimi. His journey is one of gratitude, opportunity, and the power of community support. Karel Kandjimi took a leap forward when he emerged as the fortunate winner of a brand new Polo Vivo through Letshego Namibia's 'Transact and Win' campaign. The news of his triumph spread rapidly throughout his community in Rundu, where he was welcomed with jubilation and celebrations. Even his learners joined in the excitement, offering warm congratulations on his remarkable achievement. Now, three months into being the proud owner of a Polo Vivo, Kandjimi reflects on the profound impact the victory has had on his life. "Letshego has significantly improved my life as it is now much easier for me to get around without worrying about hefty transportation costs," he shares. The car has provided him with newfound freedom and allowed him to assist his father, whose health issues and age made operating his current vehicle challenging. "This will earn my dad more days," Kandjimi remarked, highlighting the comfort and opportunities the win has brought to his family. Moreover, his family members are thrilled at the chance to learn how to drive, further enhancing their quality of life. The win has shifted Kandjimi's perspective on life. He now sees life as an opportunity not just to receive but also to give back to others. Inspired by Letshego's generosity, he is committed to extending the blessings he has received to his loved ones and community. Karel Kaliki Kandjimi is a dedicated teacher at Tondoro Junior Pre-Primary School in Rundu who emerged as the overall winner of the "Transact and Win" campaign car draw. The event, held in Windhoek on November 13, 2023, featured three finalists eagerly drawing individual keys. Kandjimi, selected as the second finalist, successfully unlocked a brand-new Volkswagen Polo Vivo valued at N$250,000. For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                             Issued: 28 February 2024 Letshego Bank is pleased to announce the appointment and approval of Kingsley Guiseb as the Head of People & Culture, effective 1 December 2023.  With over two decades of diverse professional experience spanning various sectors across Southern Africa, Guiseb is a seasoned Human Resources (HR) Executive poised to provide a transformative talent management strategy to Letshego. His expertise is backed by a Master's Degree in Business Leadership (MBL) focused on Strategic Human Resources Management from the University of South Africa (UNISA).  Guiseb further has a Bachelor's Degree (Honours) in Human Resources Management from the Namibia University of Science and Technology (NUST).  His academic pursuits include a Postgraduate Diploma in Law (labour law) from the University of Namibia.  He is certified as a Balance Scorecard Professional and accredited as a Master Human Resources Practitioner (MHRP).  These qualifications make him a leader with a comprehensive understanding of the intricate balance between strategic HR management and organisational performance. Expressing his gratitude, Guiseb affirmed, "I am thankful for the opportunity to be part of this growing team.  I am deeply committed to aligning HR strategies with broader business objectives, bolstering performance, and placing the people's agenda at the centre of the organisation." As a Head of People & Culture at Letshego Bank Namibia, Guiseb's strategic vision and rich experience are pivotal in shaping and advancing Letshego's organisational culture. For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                             Issued: 20 February 2024 Letshego Holdings Namibia is proud to welcome Johannes Abraham as its new Fraud Risk Manager, since 1 December 2023. A Certified Fraud Examiner (CFE) with over 18 years of experience in law enforcement, Johannes has cultivated a wealth of knowledge in commercial crime data analysis, fraud detection, and strategic planning. His appointment underscores Letshego's commitment to maintaining the highest standards of accountability and integrity in financial services. Johannes will play a crucial role in Letshego's efforts to combat fraud and enhance risk management strategies. His appointment comes at a critical time when businesses face increasing challenges in safeguarding against financial fraud. Johannes is a dedicated lifelong learner, continuously seeking opportunities to enhance his knowledge and skills. His remarkable credentials encompass two Master's degrees in Fraud and Risk Management and in International Business with Law, both earned from the University of Salford Manchester. Additionally, he holds a Bachelor's Degree in Commercial Law from Regent Business School, a Diploma in Criminal Justice and Forensics from the University of Johannesburg, and is a Certified Fraud Examiner registered with the Association of Certified Fraud Examiners.  Letshego Holdings Namibia is confident that Johannes's appointment will help strengthen the company's risk management practices and enhance the overall integrity of its services. For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                             Issued: 24 January 2024 Letshego Bank Namibia is pleased to announce the appointment of Allvan Farmer as its new Chief Operating Officer (COO), effective 1 December 2023. A seasoned banker with a 17-year career navigating complex strategic projects, Farmer has remarkable expertise in critical business areas, including Payments, Technology Operations, Digital Transformation, Cyber Security, Risk, and Compliance, which underscores his exceptional aptitude to improve operational excellence at Letshego Bank.   Active in industry-related councils and committees, Farmer is a member of the Financial Industry Cybersecurity Council, serves as a council member for the Payments Association of Namibia, and previously held positions as an alternate director at Namclear and a board member for Payments System Services & Project Oversight.   Complementing his professional growth, Farmer completed a PGDip in Strategic Project Management at Eaton Business School, UAE, and an Executive MBA at Guglielmo Marconi University. His educational journey also includes a BA Hons in Business Management from the University of Lincoln and various Diplomas and certifications in technology and management.   Letshego Bank Namibia looks forward to leveraging Farmer's expertise to enhance its operational and technological efficiency, and strategic initiatives. The appointment reflects the bank's commitment to strengthening its leadership team with seasoned professionals to deliver excellent financial services.   For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                             Issued: 18 January 2024 Letshego Micro Financial Services Namibia (LMFSN) proudly announces the appointment of Melvin Angula as its Chief Executive Officer (CEO), heralding a new era of visionary leadership and strategic innovation. With an illustrious 16-year career marked by remarkable achievements, Angula brings a wealth of experience and expertise to this new role, which he started on 18 December 2023. Transitioning from the telecommunications sector, Angula has a proven track record of spearheading digital transformation and delivering cutting-edge customer services. His adeptness at formulating growth strategies and market leadership, coupled with his exceptional communication skills, underscores his career success. Letshego Micro Financial Services anticipates that Angula's extensive experience will further elevate its micro-lending services. One of Angula's standout achievements is his recognition by TM Forum as a Digital Transformation Driver in Namibia. He also played a pivotal role in successfully listing a prominent telecommunications company on the Namibian Stock Exchange, showcasing his exceptional leadership capabilities. Angula boasts an impressive educational background, including an Executive MBA in Business Analytics from Eaton Business School in Dubai, UAE, a Senior Management Development Program (SMDP) from the University of Stellenbosch in South Africa, and a Certificate in Telecommunication Policy, Regulation, and Management from the University of the Witwatersrand. These qualifications, along with his National Diploma in Information Systems Administration from Namibia University of Science and Technology and numerous technology and management certifications, underscore his comprehensive knowledge base. Letshego Micro Financial Services Namibia eagerly anticipates harnessing Angula's vast expertise to enhance operational efficiency and drive strategic initiatives. Angula's appointment reflects LMFSN's commitment to innovation and growth in the micro-financial services landscape. For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                             Issued: 16 January 2024 Letshego Holdings Namibia is taking bold steps to contribute towards reducing Namibia's unemployment rate by expanding the workforce across its subsidiaries. Recognising that addressing this challenge requires collective efforts beyond the government's interventions, the Group is enhancing the workforce to support its organisational growth initiatives and the evolving needs of its growing customer base. Listed on the Namibian Stock Exchange, Letshego Holdings Namibia is the ultimate shareholder in Letshego Micro Financial Services Namibia, providing seamless access to credit services for lower-middle income earners and Letshego Bank Namibia, which offers affordable banking services. With a core purpose of addressing the widely acknowledged financial gap to enhance lives, the Group substantially contributes to broader economic development. Ester Kali, CEO of Letshego Holdings Namibia, emphasises the significance of the appointments, stating, "These strategic moves align with our growth ambitions outlined in our five-year transformation journey, the 6.2.5 plan, launched in 2020 and currently in its fourth year. The plan aims to enhance customer experiences, improve operational efficiency, and diversify Letshego's offerings. The expanded workforce will act as a catalyst, propelling Letshego to deliver a robust customer experience and accentuate the value of financial inclusion." Letshego Holdings Namibia invites qualified professionals who share values such as integrity, customer-centricity, and innovation to explore career opportunities within both Letshego Bank Namibia (LBN) and Letshego Micro Financial Services Namibia (LMFSN). Detailed information on available positions and application procedures can be found on the Facebook and LinkedIn pages of each entity. Letshego Holdings Namibia remain dedicated to strengthening internal capacities to facilitate continued business growth and solidify its market position. The Group is steadfast in its commitment to contribute to the economic landscape of Namibia through strategic growth and fostering financial inclusion. For media inquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                            Issued: 5 December 2023   In a heartwarming celebration at the Male Correctional Facility in Windhoek, Letshego Bank Namibia, alongside Prison Fellowship Namibia (PFN) and various partners, joined hands to unite inmates with their families during the annual Angel Tree initiative.  The event, attended by almost 100 family members, saw inmates receive gifts to exchange with their loved ones, bringing warmth to the correctional setting. The children, who were primarily recipients of gifts from their incarcerated fathers,  were overwhelmed with joy.   Ester Kali, the CEO of Letshego Bank, emphasised the importance of supporting imprisoned individuals as part of the broader government efforts toward rehabilitation, which has a transformative impact on the lives of inmates and their families.  Letshego is pleased to share in the initiative that underscores the importance of family, hope, and inclusivity," she remarked.   As a PFN Board member, Toni Tommasi thanked all sponsors for their collective efforts in sustaining this initiative.  "The festive season, while typically a time of joy and reflection for many, can be particularly challenging for those in prison who are separated from loved ones," he noted.  Tommasi highlighted the Angel Tree initiative as a beacon of empathy.  We create an inclusive and compassionate community by providing gifts and support to the children of those in prison.  The positive impact on families, particularly children, is immeasurable."   PFN, one of the largest Prison Ministries Worldwide, focuses on restoring prisoners' dignity, assisting their families, and contributing to ex-offenders' rehabilitation and reintegration into society.  The organisation relies on donations, fundraising projects, and voluntary monthly contributions from members to successfully execute activities such as monthly church services, family visits and support, collection of Bibles, books, clothing, toiletries, training, and aftercare of ex-offenders under the Angel Tree initiative umbrella.   Last year, the Angel Tree initiative brought joy to the Windhoek Female Correctional Facility, where 19 mothers and 29 children were treated with gifts.   For media enquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

In the heart of Namibia's dynamic socio-economic landscape lies a thriving entrepreneurial spirit, driving change, and resilience across communities. Letshego Micro Financial Services Namibia has been at the forefront of this movement, empowering Namibians to transform dreams into sustainable businesses. By embracing financial inclusion, aligning with national priorities, and leveraging productive lending to advance the UN Sustainable Development Goals (SDGs), Letshego is redefining the possibilities of economic empowerment.   Socio-Economic Outlook Namibia’s economy, characterised by a growing urban population and expanding entrepreneurial activity, is transforming challenges into opportunities. The 2023 NSA Census highlights that 50% of the population now resides in urban areas, providing fertile ground for innovation and market access. However, rural areas continue to contribute significantly to the economy, with regions like Kavango West leading in agricultural and renewable energy projects. High unemployment, particularly among youth, remains a pressing concern. Yet, it has spurred the growth of the side-hustle economy, where individuals create secondary income streams through micro-enterprises. This vibrant entrepreneurial culture underscores the critical role of financial inclusion in unlocking the nation’s potential.   The Youth Demographic: Namibia’s Economic Engine With 34% of Namibia’s population aged between 15 and 34, the youth demographic is a powerful driver of economic activity. This group brings creativity, innovation, and adaptability, vital traits for the side-hustle economy. Letshego recognises this potential and provides tailored financial solutions to support young entrepreneurs in education, agriculture, and small business development. For instance, in Ohangwena, where 68% of loans are productive, the youth, employed or not, are mostly engaged in what one would call “side-hustle” such as farming, back yard plant nurseries, owing vehicle for hire such as taxis and delivery services, livestock farming and importation of products and machinery. The youths are leveraging financing to expand operations and embrace modern farming techniques. In urban hubs like Khomas, productive loans empower youth to invest in education and health, building a skilled and healthy workforce.   The Impact of Productive Lending on SDGs Productive lending forms the cornerstone of Letshego’s approach, with 53% of loans disbursed since September 2023 allocated to transformative activities. These loans align closely with key SDGs, including: SDG 1: No Poverty : By financing micro-enterprises and sustainable housing projects, Letshego directly addresses poverty alleviation. SDG 4: Quality Education : Educational loans help Namibians pursue higher education, contributing to a skilled labour force. With tertiary education attainment at 11.8%, these investments are pivotal for long-term growth. SDG 7: Affordable and Clean Energy : Renewable energy projects, particularly in Kavango West, exemplify how productive loans drive sustainable practices. SDG 5: Gender Equality : Gender parity in productive lending (53% for both men and women) ensures equal opportunities for economic participation. Through regional outreach, Letshego has transformed lives in regions like Kavango East (66% productive loans) and Kunene (62%), fostering inclusive growth and development. Productive Loans Disbursed Per Region   Financial Inclusion: Bridging Gaps and Creating Opportunities Financial inclusion is central to Letshego’s mission. The institution addresses barriers to access, particularly among underserved groups such as rural communities and low-income earners. For example: Among ultra-low-income earners (<NAD 7,500), 54% of loans are productive, displaying their aspirations for long-term investments despite limited resources. In rural regions like Omaheke, where only 23% of loans are productive, Letshego is introducing financial literacy programs to enhance understanding and uptake of productive financing. Productive Lending Per Income Backet Digital solutions also play a critical role in advancing inclusion. Letshego’s technology-driven platforms simplify loan applications and ensure rural entrepreneurs can access capital without geographical constraints.   Aligning with Namibia’s Growth Priorities Letshego’s initiatives align with national goals, addressing key challenges outlined in the NSA Census: Housing and Infrastructure : Home improvement loans address a critical gap, as 40% of households lack proper sanitation. Digital Literacy and Connectivity : With internet access at 28.3%, Letshego’s focus on digital financial tools bridges the divide, enabling broader participation in the economy. Agriculture and Rural Development : In regions like Kavango West, productive loans fuel agricultural growth, contributing to food security and sustainable livelihoods.   Success Stories: Transforming Lives Through Financing Your Side-Hustle Stories of transformation underline Letshego’s impact: A farmer in Kavango West used a productive loan to expand their operations, integrating solar technology to improve irrigation and boost yields. In Ohangwena, a single mother secured funding to expand her traditional wear tailoring business, providing for her family while creating employment for her community. In Khomas, a young recent graduate who is now a teacher has funded his side hustle with a Letshego loan to procure a taxi that he uses and additional passive income, in the same vein created an employment opportunity for a driver.   These individual successes reflect Letshego’s broader mission to create lasting socio-economic change.   Outlook: Scaling Impact Looking ahead, Letshego is committed to deepening its involvement in Namibia’s economic development. Key initiatives include: Expanding Digital Solutions : Enhancing financial literacy and access through mobile platforms to bridge the rural-urban divide. Sustainability Focus : Scaling investments in renewable energy and sustainable housing to align with Namibia’s green agenda. Partnerships for Progress : Collaborating with government and private stakeholders to amplify the impact of financial inclusion initiatives. As Namibia’s side-hustle economy continues to evolve, Letshego stands ready to support its growth, fostering resilience and innovation across the nation.   Letshego: Empowering Dreams, Enabling Growth By aligning its strategies with the SDGs and Namibia’s national priorities, Letshego is more than a financial institution—it is a catalyst for change. Through productive lending, inclusive finance, and community engagement, Letshego fuels entrepreneurial dreams and builds a brighter future for all Namibians. Together, we are shaping the economy of tomorrow, one loan at a time.

MEDIA RELEASE                            Issued: 15 November 2023 Letshego Bank Namibia, in partnership with MasterCard, proudly announces Mr Karel Kaliki Kandjimi, a dedicated teacher from Tondoro Junior Pre-Primary School in Rundu, as the overall winner of the "Transact and Win campaign" car draw.  The event, held in Windhoek on 13 November 2023, witnessed three finalists eagerly drawing individual keys.  Kandjimi, as the second finalist, secured the key that unlocked a brand-new Volkswagen Polo Vivo valued at N$ 250,000.   The remaining two finalists each received a cash prize of N$ 5,000.   Kandjimi has been a customer of the Letshego Bank Rundu branch for over five years.  This victory marks a significant milestone for Kandjimi while highlighting Letshego Bank and MasterCard's commitment to enhancing the lives of their clients.  Ester Kali, Chief Executive Officer of Letshego Bank, emphasised, "Our success is not solely measured by financial metrics but by the positive impact we create in the lives of our customers.  At Letshego Bank Namibia, we count our blessings by the number of lives we change and transform through our services."   A first-time car owner, Kandjimi was overwhelmed with gratitude.  He thanked Letshego Bank and said, "Winning this car represents a fresh start for me, providing a more comfortable means of transportation for my family and daily commutes to and from work."   Letshego Bank Namibia remains committed to fostering outstanding corporate governance and financial inclusion by providing affordable banking services.  The three finalists were chosen randomly from a pool of clients who qualified as per the "Transact and Win campaign" competition's terms and conditions.  External auditors meticulously supervised the selection and drawing process from beginning to end.   For media enquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com

MEDIA RELEASE                            Issued: 9 November 2023     In today's digital age, where financial transactions and personal information are increasingly digitised, the risk of falling victim to financial fraud has grown exponentially. Letshego Bank Namibia encourages Namibian citizens to remain vigilant and stay informed about the various forms of fraud. This is essential to protect yourself, your loved ones, and your diligently earned finances, especially as we approach the festive season.   Understanding Financial Fraud: Financial fraud encompasses a wide array of illegal activities targeting your finances and personal information. These fraudulent activities can take many forms, including identity theft, investment scams, card fraud, phishing, and vishing attacks. Understanding these tactics is crucial, as they can severely affect financial stability.   Common Types of Financial Fraud on the Rise:   Vishing Scams:  Fraudulent phone calls from purported reputable companies aimed at inducing individuals to reveal personal information, such as bank details, OTPs, PINs, and debit/credit card numbers.   Phishing Scams:  Deceptive emails or messages - whether via phone or social media, posing as reputable companies or acquaintances, intended to persuade individuals to disclose personal information, such as passwords and debit/credit card numbers.   Identity Theft:  Criminals steal your personal information, like your identification card (ID) or passport, to commit fraudulent activities in your name, causing financial havoc. Be cautious of where you leave your original documents and certified copies, and to who you give them to.   Investment Scams:  Beware of "get rich quick" schemes and unsolicited investment opportunities promising high returns with minimal risk. Always research before investing.   Debt Relief Scams:  Scammers are impersonating representatives of well-known organisations, claiming to offer a solution to eliminate loan payments at a fee.   Card Fraud:  Criminals obtain your debit/credit card and make unauthorised transactions.   E-money Fraud:  Fraudulent activities or schemes involving electronic money transactions and digital financial services, such as mobile money, electronic wallets, and other digital payment methods.     Protecting Yourself: Protecting yourself from financial fraud is a shared responsibility between individuals and institutions. Here are vital steps to help safeguard your finances:   Stay Informed:  Regularly update yourself on the latest fraud tactics and scams. Knowledge is your first line of defence.   Secure Your Personal Information:  Safeguard your sensitive information and passwords. Use strong, unique passwords for your online accounts, and do not share your One Time PIN (OTP).   Verify Before Sharing:  Confirm the authenticity of unsolicited communications, whether email, message, or phone call. Do not share personal information without verifying the source.   Check Financial Statements:  Regularly review your bank statements for unauthorised transactions. Report any discrepancies immediately.   Use Reliable Services:  When investing, opt for reputable financial institutions and investment firms. Avoid opportunities that seem too good to be true.   R eport Suspicious Activity:  If you suspect or encounter financial fraud, report it immediately to the appropriate financial institution or the relevant authorities, such as the Namibian police.    Educate Family and Friends:  Share your knowledge with loved ones to ensure they are aware of potential threats and can protect themselves.   By staying informed and vigilant, we can collectively combat financial fraud and protect ourselves and our community. The battle against financial fraud begins with each one of us. Together, we can reduce our vulnerability to threats. We encourage Letshego Bank clients to please report any suspicious or fraudlent actitivites to  Deloitte Tip-offs Anonymous line: Toll free line for Namibia Telecom fixed line: 0800 003 313 Toll free line for MTC mobile: 918 47 Call Back number: +27 11 929 3334 Email: letshego@tip-offs.com For more information, please visit: www.tip-offs.com . For media enquiries, please contact: Mrs. Ongame Mutorwa Communications Manager Tel: (+264) 81 255 3658 E-mail: OngameM@Letshego.com