Renewable Energy & Energy Efficiency
When the top management at Letshego Holdings Limited, a regulated and publicly listed NBFI headquartered in Botswana, committed to incorporating green lending into their strategy, they did it not only for the climate, but also because they could see that it was a savvy move to ensure long-term growth and enhance product differentiation. This was a classic win-win by any definition. But they didn’t have any prior experience in the field, which is why they started working with responsAbility’s climate team to guarantee successful onboarding, early-stage buy-in within the organization, and eventual fund utilization. So while they currently provide retail financial services in 11 countries in Sub-Saharan Africa, they decided to focus the investment from responsAbility’s climate fund on Ghana, Tanzania and Nigeria, with the aim to expand to the other markets over time.