Barclays to sell African operations over 2-3 years

Wednesday, March 02, 2016

Barclays Bank MD addressing the media.PIC: KAGISO ONKATSWITSE

Barclays Bank Botswana has announced that the sale of 62.3 percent shareholding in Barclays Africa by their parent group, Barclays Plc will not affect their operations at least for now.

Yesterday, the London-based Barclays Plc confirmed that they are divesting and selling their P55 billion stake in Barclays Africa over the next two to three years.

The group owns about 62.3 percent stake in the Barclays Africa Group, which in turn owns about 67.8 percent of Barclays Bank Botswana.

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