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Report: Barclays Africa seeks to retain name after sale by parent

BarclaysAfrica Group Ltd. wants to keep its name after majority shareholderBarclays Plc hassold its stake,Barclays Bank of KenyaLtd. CEO Jeremy Awori said April 12, Business Daily Africa reported the following day.

Barclays Africa and its parent have a licensing agreement thatmeans the unit will retain the brand name at least until completion of thesale, Awori reportedly said.

He added that there is also a possibility that Barclaysmight allow the buyer of its African subsidiary to run the unit under the nameBarclays Africa, Business Daily Africasaid.