Africa Lighthouse Capital in Botswana financial services deal
The private equity firm has acquired a significant minority equity stake in Bayport Financial Services Botswana.
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Africa Lighthouse Capital, a Botswana-based private equity firm, has acquired a significant minority equity stake in Bayport Financial Services Botswana. The business is a regulated microfinance provider serving government and other wage-earning employees in Botswana.
“Africa Lighthouse Capital is proud to partner with Bayport Botswana, a clear leader in Botswana’s financial services sector,” said Bame Pule, the firm’s founder and CEO. “We share a vision of a more inclusive financial sector in Botswana and see great potential in Bayport’s responsible lending model. Our investment is about supporting and empowering working families by enabling access to credit that can help them invest in education, housing and small businesses.”
Pule added: “Bayport’s typical borrowers are essential workers like teachers, nurses, and police officers who benefit from Bayport’s financing to improve their lives. We are committed to building a more inclusive financial system in Botswana and this partnership advances that goal.”
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