Pan-African microlender Letshego has parted ways with its Group CEO and Executive Director Andrew Okai.
Current Chief Operations Officer Aupa Monyatsi has been appointed as the acting Group CEO.
Okai joined the company in January 2020 from Standard Chartered, where he was the Global Chief Operating Officer for the international bank’s retail division.
A press release signed by Letshego Group Chairman Enos Banda said Okai was dismissed following “irreparable breakdown in trust and confidence between the two parties”.
At the same time, Letshego has also suspended its Company Secretary Matshidiso Kimwaga pending a disciplinary process.
“The Board fully supports and has confidence in Monyatsi and his Executive Team to continue to drive the Company strategy. The Company will announce the appointment of an interim Company Secretary pending the outcome of the disciplinary process of the suspended Company Secretary.”
