Deals
Barclays Leaving Kenya Like `Flowergirls' in Africa Exit
- Lender must find `socially responsible' replacement: Njoroge
- Kenyan central bank chief calls for talks around disposal
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Central Bank of Kenya Governor Patrick Njoroge urged Barclays Plc and its Johannesburg-based unit to engage with regulators in the countries in which it operates as the British bank plans to exit the continent.
“It feels like we are being treated like flowergirls” who have no real role to play in the transaction, he said in an interview at the World Economic Forum’s annual Africa conference in Kigali, Rwanda on Thursday, declining to say if he had met with the lenders. “There are consequences of their actions in the 12-plus jurisdictions they operate in. They need to talk to the regulators.”