Barclays Urges Clients To Remain Calm Amidst Changes
Monday, July 10, 2017
Kumar said the developments are a result of the Barclays Group United Kingdom (UK) last year’s strategy to reduce its presence in Africa.
Kumar was speaking during the Barclays dinner held at Majestic Five Hotel recently in a bid to address the clients on the new developments. Botswana and other African countries will in the next three years no longer be tied to the Barclays Group, however it will continue to operate under a new name and brand.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....