The Zimbabwe Independent
May 31, 2017
BARCLAYS Plc has sold its majority stake in its Zimbabwean operation for US$60 million to Malawiâs First Merchant Bank (FMB), putting an end to months of a fierce bidding war to take over one of the countryâs iconic financial institutions,
Zimbabwe Independent can exclusively report.
Bernard Mpofu
Barclays Bank Zimbabwe was established in 1912, and has operated in the country continuously since then, making it a landmark feature on the local financial services landscape.
The bank, listed on the Zimbabwe Stock Exchange (ZSE), has over 1 000 employees and a countrywide network of 38 branches in main urban areas.