HARARE, October 13 (The Source) – Malawi-based First Merchant Bank ( FMB) has received regulatory approvals to acquire an effective 42,7 percent shareholding in Barclays Bank Zimbabwe, completing its takeover of the bank.
HARARE, February 29 (The Source) – Barclays Bank Plc is set to pull out of Zimbabwe as part of an Africa-wide exit to focus on its core British and American markets, the Financial Times has reported, citing sources familiar with the matter. Barclays Plc’s new… Read More
HARARE, December 3 (The Source) – Barclays Africa Group on Thursday said it had failed to reach an agreement with its parent company Barclays Bank Plc for the purchase of its assets in Zimbabwe and Egypt. The two operations were excluded from a 2013 deal… Read More