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Barclays suspends bid for Namibia's Bank Windhoek

  • Barclays has temporarily suspended its bid for a stake in Namibia's Bank Windhoek.

    The British bank must first complete a process to combine its African businesses with those of Absa Group before it makes a bid.

    In August, Barclays announced it would be combining its interests in Botswana, Ghana, Kenya, Tanzania, Uganda and Zambia with Absa, South Africa's third-largest lender.