Barclays has confirmed reports it is planning to close down operations in Africa by reaffirming its presence in Kenya . Previous reports had indicated that Barclays , the majority shareholder in Barclays Africa , was keen on selling 62.3 % of its stake . " Barclays is committed to be in Kenya , We have a great franchise , we have a great business and when you look at the actions that we are taking , it does not suggest it is a business in retreat " said Managing Director akin Awori , adding that the bank will be announcing new investments in the coming weeks .
Barclays has dismissed reports it is planning to close down operations in Africa by reaffirming its presence in Kenya. Previous reports had said that Barclays, the majority shareholder in Barclays Africa, was keen on selling 62.3% of its stake. "Barclays is committed to be in Kenya, We have a great franchise, we have a great business and when you look at the actions that we are taking, it does not suggest it is a business in retreat" said Managing Director Jeremy Awori, adding that the bank will be announcing new investments in the coming weeks.