Barclays brand to be phased out

Barclays will rebrand in the next three years
Barclays will rebrand in the next three years

After being a household name in Botswana for 66 years, the Barclays Bank brand will be withdrawn from the market within the next three years as the British bank divests from Africa.

However, the Barclays Africa Group Limited (BAGL) will continue to operate under a different name in Botswana and eight other African countries. In South Africa, BAGL operates under its flagship, ABSA brand.

Last week, London-based Barclays Plc applied to South African authorities to reduce its shareholding in BAGL to below 50%.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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