Kampala, Uganda | THE INDEPENDENT | Barclays Bank Uganda has recorded an impressive performance for the year ended Dec 2017, with a 30% growth in net profit to Shs72bn amidst a surge in the Non-Performing Loans. The financial results released on April 16 shows that the growth in profits was driven …
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Kampala, Uganda | THE INDEPENDENT | Barclays Bank of Kenya’s planned change of trade name to ABSA has run into strong headwinds after a local company went to court to stop the shift on grounds that it reserved and has been using the name for more than a decade, according to …
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The South African bank to open offices in London and New York to serve clients seeking to invest in Africa Kampala,Uganda | ISAAC KHISA | Barclays Africa Group Limited (BAGL)plans to return to is former name, Absa, across its operations on the African continent. The bank’s executives said the move …
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Kampala, Uganda | THE INDEPENDENT | Online shopping platform, Jumia, has widened payment options for its customers through partnership with Barclays Bank. This is to enable online shoppers pay for their goods and services using Barclays Bank credit cards at the point of delivery to enhance convenience. Initially, customers were limited …
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Barclays PLC sells 33.9% more shareholdings in Barclays Africa London based Barclays PLC on June 01 shed 33.7% more shareholdings in Barclays Africa Group to equity investors at South African Rand R37.7bn, further reducing its stake in the latter company. The lender sold 285.7million Barclays Africa ordinary shares reducing its …
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Barclays PLC has announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22% of Barclays Africa’s issued share capital. This follows receipt of the required regulatory approvals, including approval from the South African Minister of Finance, for Barclays PLC to reduce its shareholding …
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VIDEO: As commercial banks continue reducing interest rates, expectations are high among Bankers that the economy will pick up. Barclays Bank managing Director Rakesh Jha says the reductions will increase credit growth. Barclays will remain strategic in its investments to ensure that it is not overwhelmed by bad loans. Share on: …
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Johannesburg, South Africa | AFP | Barclays Africa Group Limited (BAGL) on Tuesday said it was committed to the continent after an earlier announcement by its British parent to gradually reduce its majority stake in the unit. “Our destiny is Africa,” said Maria Ramos, BAGL chief executive, at a press …
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By Joan Akello In 2011, UNICEF reported that young people are almost three times more likely to be unemployed compared to adults, and those in work are more likely to be in casual employment or jobs that are exploitative or hazardous. Youth unemployment is a significant concern in almost every national economy …
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