Gadaffi wrote:The big question should be who will be buying the reducted share; is it from the gulf, Chinese, ABSA, or a fund of interested parties. We already know the seller. The buyer will shape the future of the bank.
Kama KCB:
http://www.standardmedia...uying-stake-in-barclays
BTW am really impressed the way the big 3 indigenous banks (KCB, Equity & Co-op) have ran out the foreign banks off the top echelons of the banking industry, including akina StanChart. And it should have been so from a long time - after all locals understand their fellow locals and local terrain better.
BTW, this talk of Barclays exit is not surfacing just now - it had initially bubbled to the surface in circa 2005 but went forgotten thereafter.
Methinks this is why their former MD for East and West Africa (now current Industrialization CS) really tried to exit the corporate scene, first by aggressively trying to go for KRA top honcho's job (he lost to J.Njiraini) before succeeding to join gava in 2013?
Or he just wanted to taste power, now that he had all the monies he needed.
At any rate, he knew the Barclay's divorce would crystallize one day.