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Barclays completes Absa transition

Barclays completes Absa transition
NEW LOOK: Absa Bank Botswana

The start of the week saw Barclays Bank Botswana finally complete its transition to Absa Bank Botswana Limited.

The name change comes almost four years after main shareholder Barclays PLC announced it was ending its presence in Africa following 100 years in the continent.

Barclays PLC, a London based lender, was a 63.2 percent majority shareholder in Barclays Africa Group Limited (BAGL), which in turn operated in a number of African markets such as Botswana, South Africa, Kenya, Tanzania and Ghana.

Since the March 2016 announcement, Barclays PLC gradually reduced its controlling stak...

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