Equity Bank showing interest in buying parts of Barclays Africa

Equity-Bank-showing-interest-in-buying-parts-of-Barclays-Africa.jpg

Equity Bank one of Kenya’s largest bank, is showing interest in buying parts of Barclays Africa.

The bank’s CEO, James Mwangi, says there are prospects for purchase after Barclays
announced it was reducing its stake in its Barclays Africa Group, which has businesses across Africa.

“If there is anybody who is well-positioned in the region to take up the spoils, it is Equity Bank,” says Mwangi.

South Africa’s Public Investment Corporation (PIC), Atlas Mara the bank run by former Barclays head, Bob Diamond and National Bank of Abu Dhabi are some of the other organizations that may be interested in Barclay’s assets.

Leave a Reply

Your email address will not be published. Required fields are marked *