A Barclays Bank of Kenya (BBK) customer walks past Moi Avenue to Mama Ngina Street into the flagship Queensway Branch. But its Managing Director Jeremy Awori says the financial institution is ready to let go off this 100-year old brand. Last year, Barclays Plc sold off its 12 per cent shareholding followed by another 23 per cent. “Essentially, a new brand will come in and phase out Barclays brand over time and in the right way. ALSO READ: Barclays to close down seven branches in KenyaInitially, it was believed that one key investor will come and sweep all the shareholding of Barclays Plc in Barclays Africa and effectively in BBK.

Source: Standard Digital July 11, 2017 05:37 UTC