Barclays Plc shares rise on report of Africa stake sale

Barclays Bank branch in central London. PHOTO | TOBY MELVILLE | REUTERS

Barclays Plc shares rose around 2.5 per cent in London on Wednesday after Sky News reported the British bank would sell a 1.6 billion pound (about Sh213 billion) stake in its African business.

Barclays said in early 2016 it would sell its 50 per cent stake in South Africa-based Barclays Africa Group as part of a strategy to refocus on the United States and Britain.

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