South African bank Absa Group said on Thursday it will buy Barclays African operations for 18.3 billion rand (KES 176.8 billion). This, a statement from Absa says, is a move to finalize a longstanding plan to fuse the two company businesses in Africa, considered a fast-growing market.

Adan Mohamed who has been appointed as Sub-Saharan Chief Administrative Officer for Barclays Bank has been the Managing Director for Barclays Bank Kenya.