Barclays Africa confident split will not hurt Tanzania business

PUBLISHED: Wed, 26 Jul 2017 12:39:41 GMT

Barclays PLC has announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22 per cent of Barclays Africa’s issued share capital. And, despite a tough economic climate in Tanzania, Barclays Africa is confident its business will continue to grow without Barclays PLC’s majority shareholding. Barclays Africa deputy CEO, Peter Matlare joins CNBC Africa for more.