ADVERTISEMENT
RADP / Pulse Ghana  >  news  >  business

Barclays to sell shares in Barclays Africa

Abu Mubarik

After being one of the few western banks to establish a presence in sub-Saharan Africa, Barclays is planning a retreat.

 
 

Barclays to sell shares in Barclays Africa

After being one of the few western banks to establish a presence in sub-Saharan Africa, Barclays is planning a retreat.It is preparing to sell some of its 62 per cent stake in Barclays Africa, one of the continent’s largest banks, employing about 44,000 people with 1,267 branches, as Jes Staley, Barclays’ new chief executive, refocuses on a narrower range of business, according to The Wall Street Journal.

DKM Boss Charged For Fraud

The Chief Executive Officer of DKM Microfinance LTD, Martin K. Delle has been arraigned before an Accra Circuit Court presided over by Aboagye Tandoh for dishonestly appropriating GH¢40,000.

ADVERTISEMENT

Delle however denied the charge of fraudulent breach of trust and was remanded into police custody until January 21.

Lamti Apanga, lawyer for Delle, had urged the court to grant bail to his client.

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                             3.80                             4.1

ADVERTISEMENT

Pound Sterling               5.43                             5.70

Euro                               4.14                            4.44

To updates from the stock exchange today

HFC were the biggest losers of the day, dropping 18p to close at 1.02p, whereas Benso Oil Palm Plantation recorded the biggest gain, gaining 1p  to close at 2.81 p.

And that's a wrap for business for today. For more

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!
Abu Mubarik Abu Mubarik Abu Mubarik is a writer at Pulse Ghana with special interests in Ghana politics, international relations and geopolitics.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT