Africa: Barclays 'Will Not Pull Out of Tanzania'

Barclays Bank Tanzania has said its parent company is not pulling out of Tanzania and Africa despite a move to reduce its stake in Barclays Africa Group.

The bank said that London based Barclays Plc will sell down its 62.3 per cent stake in Barclays Africa to "a non-controlling level" in the next two to three years.

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