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Pulse Business Wrap- Barclays to sell shares in Barclays Africa

After being one of the few western banks to establish a presence in sub-Saharan Africa, Barclays is planning a retreat.

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Barclays to sell shares in Barclays Africa

After being one of the few western banks to establish a presence in sub-Saharan Africa, Barclays is planning a retreat.

It is preparing to sell some of its 62 per cent stake in Barclays Africa, one of the continent’s largest banks, employing about 44,000 people with 1,267 branches, as Jes Staley, Barclays’ new chief executive, refocuses on a narrower range of business, according to The Wall Street Journal.

DKM Boss Charged For Fraud

The Chief Executive Officer of DKM Microfinance LTD, Martin K. Delle has been arraigned before an Accra Circuit Court presided over by Aboagye Tandoh for dishonestly appropriating GH¢40,000. 

Delle however denied the charge of fraudulent breach of trust and was remanded into police custody until January 21.

Lamti Apanga, lawyer for Delle, had urged the court to grant bail to his client. 

 

We go to the currency market now where

 

Currency                      Buying                         Selling

Dollar                             3.80                             4.1

Pound Sterling               5.43                             5.70  

Euro                               4.14                            4.44   

 

To updates from the stock exchange today

HFC were the biggest losers of the day, dropping 18p to close at 1.02p, whereas Benso Oil Palm Plantation recorded the biggest gain, gaining 1p  to close at 2.81 p.

 

And that's a wrap for business for today. For more

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