Fri, 24 Feb 2017 09:59:32 +0000 By Buumba Chimbulu BARCLAYS Africa Group yesterday announced that it has agreed on conditions for operational separation with the United Kingdom based Barclays Plc which will allow it to be an independent Pan African Bank following the sale of majority shareholding in Barclays Africa over a period of two to three years. Among the terms of conditions are that the British-based Barclays Plc would reduce it’s shareholding to below 50 percent from the current 50.1 percent it owns. The bank believes that the agreement would unlock opportunities for Barclays Africa as an independent Pan African Bank. Speaking at the round table media conference, Barclays Africa Chief Executive Officer Maria Ramos said that the separation would not have any impact on the bank’s clients on the continent. “It is a good outcome that enables us to complete the separation and to provide continuity and improved service for our […]
