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After being a household name in Botswana for 66 years, the Barclays Bank brand will be withdrawn from the market within the next three years as the British bank divests from Africa.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

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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