The Board of Letshego Holdings Limited has appointed Andrew Fening Okai as the new Chief Executive Officer (CEO) of the Group pending final regulatory approvals.

According to a statement issued by the Board, the former Standard Chartered Global Chief Operating Officer has the necessary leadership skills to manage the 11 markets of the pan- African lender.

“Andrew stands to bring more than 20 years of international banking experience to Letshego’s top executive post.

“In his latest empowering venture, Andrew founded Precept Human Capital, a consulting firm dedicated to assessing, profiling, training, coaching and equipping Africa’s next generation of private and public sector leaders with international trends in leadership and expertise,” the statement indicated.

The Letshego Group is an African multinational organisation, with its headquarters in Botswana and focused on delivering inclusive finance solutions to underserved populations across 11 Sub Saharan Markets.

Holdings Limited aims to leverage innovation and technology to improve the lives of individuals who have limited access to traditional financial services.

Confirming the appointment, Group Chairman, Enos Banda noted the new appointee has acquired multi-geography financial expertise in diverse disciplines within a retail banking environment which will propel the financial institution.

“I am confident Andrew will bring the leadership, vision and strategic insight Letshego needs to secure our next phase of focus and impact, all while empowering existing and future leaders across our business and delivering long term value for our investors,” he stated.

The Board of the Group also indicated that Mr Okai’s responsibilities as Letshego’s Group CEO will commence once the final local and regulatory requirements have been met assuming role from Dumisani Ndebele, Letshego’s Interim Group CEO.