Barclays Africa will continue using the Barclays brand in its operations outside South Africa, including in Kenya, for three years following the reduction of Barclays Plc’s shareholding of the lender below the 50 per cent mark.
Barclays Africa will also receive “certain services” from Barclays Plc “on arms’ length basis” for a transitional period, up to three years, the bank said yesterday in a statement.
