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Barclays to beat a gradual retreat from Africa

According to a report in the Wall Street Journal, Barclays is planning to sell some of its 62% stake in Barclays Africa as the bank’s new CEO, Jes Staley, looks to refocus the bank on a narrower range of profitable activities. As investor appetite for emerging market assets shrinks, it’s unlikely that Barclays will be able to find an outright buyer for its Africa business according to some analysts.

Read more at Business Day…

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