End of an era as Barclays plans to leave Africa after 100 years

What you need to know:

  • It is said that the bank wants to put more focus on its core market in United Kingdom and United States.

  • The bank’s board of directors met last week and decided that in principle it was better for the bank to exit Africa.

  • Barclays Kenya would not comment on record, but sources told NTV that Barclays Bank of Kenya does not expect its operations to be affected.

Barclays Plc is on Tuesday set to announce its exit from the Africa market, marking an end to the lender’s 100 years in Kenya.

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