AXIAN has signed binding agreements to acquire 100% of five Letshego Africa Holdings subsidiaries across East and West Africa, in a strategic move aimed at accelerating its expansion into inclusive digital financial services.
The proposed acquisition covers Letshego Ghana Savings and Loans PLC, Letshego Faidika Bank Tanzania Limited, Letshego Microfinance Bank Nigeria Limited, Letshego Rwanda PLC Limited, and Letshego Uganda Limited.
If completed, the transaction will mark a significant milestone in AXIAN’s ambition to build a leading pan-African financial services platform, strengthening its presence in high-growth markets and expanding access to affordable financial services for underserved populations.
AXIAN operates in 21 countries across five sectors—telecommunications, financial services, real estate, energy, and digibank & fintech—and has positioned financial inclusion and digital transformation at the core of its strategy.
“This agreement represents an important step in advancing AXIAN’s long-term strategy to expand our financial services footprint across high-growth African markets,” said Erwan Gelebart, CEO of AXIAN Digital Venture Holding and Management Limited.
He added that AXIAN brings experience operating regulated financial institutions at scale, currently serving more than 24 million consumers and 860,000 SMEs across its ecosystem.
The group said it will leverage its digital and operational capabilities to modernize the acquired businesses and accelerate the delivery of innovative financial services across the five markets.
The transaction remains subject to regulatory approvals and applicable stock exchange requirements. AXIAN said it will issue further updates as the process progresses.
Advisors on the transaction include White & Case, KPMG, and EFG Hermes.