Barclays Bank of Uganda rebrands to Absa Bank Uganda to further drive economic development

UGANDA – Barclays Bank of Uganda Limited, one of the country’s largest banks has rebranded to Absa Bank Uganda Limited while re-affirming its commitment to supporting the country’s growth and economic development.  “As an organisation, we believe in bringing the possibility to life, which means making a meaningful contribution to customers and the communities in which we operate. “We have pledged to build on our long history of serving Uganda to continue unlocking potential in the country.” the bank said in a statement. Absa has been in Uganda for the…

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Barclays in Mozambique rebrands as Absa Bank in its growth plan as an independent African Bank

MOZAMBIQUE – Barclays bank in Mozambique is to rebrand itself as Absa Bank from November 11. The operation is expected to be completed in the coming months, reports Club of Mozambique.  “We have started introducing the new logo today at counters and ATMs across the country to ensure a gradual and natural change,” Deputy Director Rui Barros announced at a press conference. Barclays is present in 49 locations in Mozambique, with “two-thirds of the brand change already underway”. All Barclays Mozambique cards, accounts, checks, and access keys will remain active…

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Barclays Bank to open its first new rebranded Absa branch in Zambia

ZAMBIA – Barclays Bank Zambia PLC has announced its preparations to rebrand to Absa Bank Zambia by starting to open a new branch branded as Absa at Kubulonga, reports Zambian Business Times. Barclays Bank Managing Director Mizinga Melu has stated that despite the changes that the bank is undertaking, it will continue to operate and trade as Barclays Bank Zambia until its name officially changes by Mid 2020. Mizinga said the Bank is already in talks with customers across the country who she said have been supportive and that through…

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Barclays to roll out financial inclusion drive, targets SME women owners

GHANA – Barclays Bank Ghana, part of the Absa Group, has announced plans to roll out a bank proposition aimed at bringing more women SME owners into Ghana’s digital financial space. This move is in line with government’s agenda of achieving financial inclusion for all its citizens. According to the bank, women constituted a significant of portion of the Small and Medium Enterprise (SME) market and as such played a critical role in the growth of small businesses in all sectors of the economy. It was therefore necessary to involve…

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Barclays Life Assurance to acquire First Assurance’s life insurance business

KENYA – Barclays Life Assurance Kenya (BLAK) is set to take on about 100 corporates that were covered by First Assurance’s life policy as it moves to strengthen its business portfolio. According to William Maara, managing director at BLAK, the transfer of the life insurance business from First Assurance will be effected by June 30, subject to compliance with industry requirements. The move to acquire the portfolio comes after Barclays Africa, now Absa Group, bought a controlling stake in First Assurance. Barclays Africa reached the agreement to buy a 63.3%…

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