South Africa's former deputy Reserve Bank governor Daniel Mminele could soon lead South Africa-based 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).
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
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