British-based lender plans to sell its stake in Africa
167 views · Published 27 January 2016 · 2:17 · Indexed 24 October 2026
Channel: CGTN Africa · 2016 · News & Politics
Barclays Bank is rethinking its near century-long presence in Africa, as part of a major three-year turnaround plan to boost profits and cut costs. It has been reported that the British-based financial is preparing to sell large parts of its 62 per cent stake in Barclays Africa. Barclays Africa is one of the continent's largest banks, employing about 44,000 people with 1,267 branches. Richard Bestic reports from London.
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