Contrary to popular belief Barclays Plc continues to invest in its African banking operations
Barclays is looking to bank what it calls “global Africans” as it leverages its more than 330-year-old pedigree and status as a British universal bank to tap into new growth opportunities on the continent in the wake of its separation from Absa.
After selling half of its almost 15% remaining stake in Absa for £526m towards the end of April 2022, the UK banking giant retains about 7.4% of SA’s fourth-biggest bank, a stake it is now in a position to offload though it has not announced plans to do so as yet...
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