PRESS RELEASE

Press Release
LETSHEGO GROUP APPOINTS NEW GROUP CEO
Gaborone, Botswana – 15 January 2020: Letshego’s (Letshego Holdings Ltd) Group Board has
successfully concluded its executive search for a permanent Group CEO to lead the 11 market strong pan-
African lender. Andrew Fening Okai, Standard Chartered’s former Global Chief Operating Officer for the
international bank’s retail division, has been chosen by the Board to lead the pan-African lender, pending
final regulatory approvals.
Andrew Fening Okai – Biography

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.
Prior to Precept, Andrew enjoyed a dynamic and successful career in Standard Chartered Bank, where
his latest role as Group Chief Operating Officer (Group COO) based him in Singapore, with responsibilities
spanning the international bank’s footprint across 30 countries in Africa, Asia, the Middle East, Europe and
the America’s. As Group COO, Andrew’s executive responsibilities included: strategic transformation
across processes and platforms; client experience; business/cost efficiencies and risk and compliance.
Andrew also played a leading role in managing Standard Chartered’s digital retail investment strategy,
along with the framework, policies, procedures and systems required to deliver an enhanced client
experience as well as achieve alignment with local regulatory requirements and mitigation of operational
risk.
Prior to his Group COO role, Andrew held a number of other senior roles in Standard Chartered, working
from Ghana, Hong Kong, South Africa and Zambia. Previous roles included: Head of Operational
Excellence, Hong Kong; Regional Head Transaction Banking for Banks, Africa; Executive Director
Consumer Banking, Ghana and CEO, Zambia. Before joining Standard Chartered, Andrew started his
career as a Management Trainee with Unilever Ghana.
Andrew was educated in Ghana, Russia and the UK, and holds a Chartered Banker MBA degree
(Bangor University, Wales UK), a Diploma (Post Graduate) in Business Administration and Management
(Henley Business School UK) and an MSc in Food Processing Technology (Kuban State Technological
University, Russia). Andrew is married and a proud father of two young adults. Andrew is passionate
about people, development and supporting Africa’s positive growth potential. He is committed to
facilitating and leading sustainable change to unlock future economic potential for individuals and
emerging businesses across the continent.
Confirming the appointment on behalf of the Letshego Group Board, Enos Banda, Group
Chairman, added, “Andrew’s career path denotes multi-geography financial expertise in diverse
disciplines within a retail banking environment, including governance, strategy, risk and strategic
transformation. His experience is not only drawn from Africa, but from diverse emerging markets
internationally. 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.”
1
Press Release
Andrew Okai’s responsibilities as Letshego’s Group CEO will commence once the final local and regulatory
requirements have been met. On final regulatory approval, Andrew will assume the role from Dumisani
Ndebele, Letshego’s Interim Group CEO.
Enos Banda added, “On behalf of the Board, I wish to take this opportunity to express my sincere
appreciation to Dumisani Ndebele for his outstanding commitment and dedication in leading the
business during this period of transition. Dumisani’s commitment to excellence and proficiency in
finance, policy and governance has been invaluable in maintaining momentum and focus.”
ENDS .
PR Agency for all media enquiries: Lebo-Ashley Philip

Hotwire, Gaborone – Botswana
[email protected]
T: +267 392 3579
M: +267 75 286 965
For general and media enquries on Lauren Callie

Group / Letshego Holdings Ltd: Head of Group Corporate Affairs, Letshego Holdings
Tel: +267 398 4631
Mobile: +27 82 894 5581 (whatsapp / calls)
Email: [email protected]
About Letshego Holdings Limited (“Letshego Group”)
The Letshego Group is a proudly African multinational organisation, headquartered and listed in Botswana and focused on
delivering inclusive finance solutions to underserved populations across 11 Sub Saharan Markets.
With a staff compliment of over 3,000 – including both direct and indirect sales agents - and more than four hundred thousand
customers, Letshego is synonymous with leveraging innovation and technology to improve the lives of individuals who have limited
access to traditional financial services.
In 2019, Letshego celebrates 21 years of supporting regional communities, with strong progress towards the Group’s ambition to
be Africa’s leading inclusive finance organisation.
For more info visit www.letshego.com

PRESS RELEASE - Letshego Appoints New Group CEO - 15jan2020

Uploaded by

Copyright:

Available Formats

PRESS RELEASE - Letshego Appoints New Group CEO - 15jan2020

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

PRESS RELEASE - Letshego Appoints New Group CEO - 15jan2020

Uploaded by

Copyright:

Available Formats

LETSHEGO GROUP APPOINTS NEW GROUP CEO

Andrew Fening Okai – Biography

PR Agency for all media enquiries: Lebo-Ashley Philip

For general and media enquries on Lauren Callie

About Letshego Holdings Limited (“Letshego Group”)

For more info visit www.letshego.com

You might also like