Barclays and ABSA plan to combine, target Africa

Banking institutions Barclays and its subsidiary Absa are discussing combining to operate as one bank in Africa. “This is expected to involve the combination of Barclays interests in Botswana, Ghana, Kenya, Tanzania, Uganda, Zambia and the Indian Ocean with Absa, with Barclays Bank PLC remaining as the majority shareholder of the combined African operation,” the
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