How Letlole’s Kenya Investment Shortchanges Investors
- kitsodickson
- Apr 2
- 3 min read
Updated: May 5
Kamogelo Mowaneng (CEO) and Pulafela Isaacs (Former CFO)
Dividend Pressure: The group declared a P17.6 million dividend, down 30.7% from the previous period
Cash Flow Strain: The Kenya investment has not been generating positive cash flow, forcing other assets to subsidise loan repayments
Exit Strategy: The company is exploring an exit from the investment, with a valuation process underway
Decision Timeline: The CEO has set a two-month deadline to present a concrete plan to shareholders
The next two months will be crucial for investors and shareholders of Letlole La Rona as Chief Executive Officer (CEO) Kamogelo Mowaneng faces a key decision on the company’s investment in Kenya.
With extensive groundwork still being done, Letlole is expected have to take a financial hit on this underperforming asset as it looks set to exit OAL, a special-purpose vehicle incorporated in Mauritius, owning an industrial asset in a prime industrial node in Nairobi, Kenya.
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