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, June 9 (The Source) – A group of Barclays Bank low-level managers have petitioned the Zimbabwe government not to approve the takeover of Barclays Bank Zimbabwe by First Merchant Bank (FMB) of Malawi, alleging that the deal violated empowerment laws. The 63 managers have… Read More
Barclays will sell shares worth $2.83 billion in Barclays Africa Group, the bank said on Thursday, increasing the size of the planned stake sale due to investor appetite and marking a completion of its planned sell down. In Zimbabwe, the bank signed a binding agreement… Read More
By Mutemwa Ushewokunze (The Source) – At the end of last month, Barclays Bank Plc said it was in exclusive talks to sell its stake in its Zimbabwe unit to Malawi-based First Merchant Bank. Unlikely as it seems, the small, mostly family-owned bank is hunting… Read More
HARARE, March 28 (The Source) – Barclays Bank Plc is in exclusive talks to sell its stake in its Zimbabwe unit to Malawi-based First Merchant Bank, officials said on Tuesday as it continues its exit from Africa. FMB confirmed the talks to buy Barclays’ 68… Read More