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Bloomberg News: Barclays Africa Hastens Talks to Buy Banks in Egypt, Zimbabwe

Posted on July 29, 2015 0

by Renee Bonorchis | July 29, 2015 — 1:36 AM EDT 

Barclays Africa Group Ltd. said talks to buy its parent company’s operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays Plc.

“Our ambition is to do the acquisition of both, and the management changes have confirmed that that ambition will be realized,” Maria Ramos, chief executive officer of the Johannesburg-based lender, said Wednesday on a conference call. Barclays Executive Chairman John McFarlane “came to South Africa very shortly after his appointment and there’s very firm support for the Africa business,” she said.

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