Barclays to sell Absa, exit Africa

29 February 2016 - 02:31 By Phakamisa Ndzamela

London-based Barclays has decided to sell its Africa operations, which includes the Absa Group, the Financial Times said.The sale forms part of Barclays' plans to focus on US and UK markets and is expected to be announced tomorrow.The Financial Times reported that the Barclays board decided last week to exit Africa after a review led by new CEO Jes Staley.

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