Barclays Kenya bought by South African bank group

BARCLAYS Bank of Kenya will be majority owned by South African bank Absa in the first half of next year. This is after the South African bank said it was buying out African operations of Barclays Plc which holds a 68.5 per cent stake in Barclays Kenya. The two banks however clarified that the listings of Barclays Bank Kenya on the Nairobi Securities Exchange will not be affected since only the shares held by Barclays Plc will be transferred in the proposed combination...