By the end of December 2017 London-based Barclays PLC had reduced its shareholding in our holding company Barclays Africa Group Limited to 14.9%, allowing us to make some exciting changes.
The first of these is the decision to change our holding company name from Barclays Africa Group Limited to Absa Group Limited, subject to approval from our regulators and shareholders.
This change is happening at a group level and you probably won’t notice any change at all, as Barclays Bank of Tanzania will not change its name immediately. But it is important, because it is the first step in our journey to ultimately having one brand Absa, across all our operations (subject to regulatory approval).
So let’s get ready for exciting new possibilities.