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Barclays’ Africa exit draws nigh after Sh298b stake sale

 Barclays’ Africa exit draws nigh after Sh298b stake sale

Barclays has announced it will sell shares worth Sh298 billion (R37.7 billion) in Barclays Africa Group as it steps up efforts to exit the African market.

The 100-year-old brand is set to fade from the Kenyan market in the next three years, which will see it rebrand and actively participate in the debt market across 12 countries in Africa.

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