South Africa's former deputy Reserve Bank governor Daniel Mminele could soon lead South Africa-based
Absa bank.
Absa, a south African registered lender also has operations in Kenya, Uganda, Mozambique, Namibia and a representative office in London.
"As a business, and as we transition from Barclays to
Absa, we have a strong resolve to be an active force for good in the societies in which we operate and we will there-fore continue investing in programmes such as these, which encourage the next generation to pursue their dreams in whatever areas they choose."The Safari Tour, which have been held across the country, culminate in this year's Kenya Open Golf Championship which is expected to attract quality international players.
BAGL's and
Absa's IDRs are driven by the bank's intrinsic creditworthiness, as defined by their Viability Ratings (VRs).
Absa Bank acted as Bookrunner, Co-ordinator and Mandated Lead Arranger.
The ZAR18.33bn (USD1.9bn/EUR1.4bn) deal agreed in December 2012, will see
Absa paying 129.5m own ordinary shares for Barclays Africa Limited, comprising Barclaysa[euro](tm) banking stakes in Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania, Uganda and Zambia, as well as the Barclays Africa Regional Office in Johannesburg.
Significantly larger than Barclays' other African assets,
Absa is in fact part-owned by Barclays.
The approval is subject to two conditions: the first was that Barclays should hold shares in Bank Windhoek despite
Absa applying for the right to be granted permission to buy a stake in the bank.
"We are working closely with Barclays," reports
Absa chief executive Maria Ramos.
Each transaction will be limited to R200 ($28) and the card is also available to customers without an
ABSA account.
5.10 TURKISH SULTAN, 5.40 TEXAS QUEEN, 6.10
ABSA LUTTE, 6.40 DIVINSKY, 7.10 CELTIC SOVEREIGN (NAP), 7.40 EXCEED POWER, 8.10 VOLATILIS
