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It's official, Barclays Plc has divested from Africa just when everyone thought Africa was rising. It, however, retained a 14.9 per cent stake. Regulatory issues in UK are said to be behind Barclays leaving the once ‘‘dark continent.’’
Competition and rise of pan-African banks could have been the other factors. It is official that soon, the nostalgic Barclays blue eagle logo will no longer adorn our buildings.
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