7  Investors Interested In Buying Barclays Stake In Africa

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Written by Kevin Mwanza

British-owned banking group Barclays, which has operated in Africa for almost a century, announced on Tuesday it was planning to sell down its majority stake on the continent over a three-year span.

The bank which owns 62 percent of Barclays Africa, while South Africa’s Absa owns the rest, said its executives had reached a decision to sell some of its shares in the group that operates in several African countries including South Africa, Kenya and Botswana.

This news has put several banking institution and financial service providers both from the continent and other parts of the world on alert, with at least four investors showing interest in buying part of Barclays stake.

Here are five entities that have shown interest Barclays Africa stake:

This slideshow was first published on March 3, 2016. 

Sources: BDlive,  Reuters, Bloomberg, Forbes