Barclays Africa buys stake in First Assurance for Sh2.9bn Johannesburg-based Barclays Africa is set to acquire a controlling stake in Kenya’s First Assurance for Sh2.9 billion in a transaction that opens the door for the bank’s Kenyan subsidiary to gain a foothold in the insurance market.Barclays Africa on Wednesday announced…

South Sudan instability hits CfC Stanbic profit CFC Stanbic Bank has reported a 28 per cent drop in profit after tax for the three months to March this year attributable to a decline in income from its South Sudan branch. CFC is in the process of converting the South Sudan…