http://www.businessdaily...2/-/o7yun4/-/index.html

The Group is to acquire First Assurance in a ksh.2.9bn deal.
Mergers and acquisitions zaendelea

Barclays Bank Kenya doesn't have any shares or stake in Barclays Insurance.
It is owned by the group.I guess Barclays Africa is trying to have a synergy similar to what we have with Standard Bank who own Liberty Group and CFCStanbic Holdings

New Barclays (BARC.L) Chief Executive Jes Staley is considering selling some or all of the British bank's African operations as part of his strategic review, the Financial Times said.

Staley has raised questions about the strategic fit of the large African business with the rest of Barclays, but no decision has been taken yet, the FT said on Wednesday, citing people familiar with the matter.

Staley, who took over as CEO two weeks ago, is expected to review all parts of Barclays' businesses and outline his plans around the time of annual results on March 1.

http://uk.reuters.com/ar...a-idUKKBN0TZ15820151216

"He is also expected to announce several thousand job cuts in its investment bank, particularly in Asia"

"But Barclays could decide to sell its retail banking operations in much of Africa, including South Africa, Kenya, Mauritius, Botswana and Zambia, while keeping some corporate and investment banking activities in the region."- FT

http://www.ft.com/cms/s/...d203a.html#ixzz3upGG6nk4

let it be sold

I remember I used to see teachers lining up at Barclay's since morning only to be paid at 3pm. Despite that they would be mishandled by the said cashiers yaani madharau. Equity saw something and till today I'm sure those guys ya scb and Barclay's somewhere in London sit down and ask where did we go wrong. People got so excited when equity was issuing free atm cards but Barclay's any one with an atm was the king of the village . Watch this pace ,this thing called equitel will shock many. It's just a matter of time .