British banks exit Africa

British banks exit Africa

British banks exit Africa

Britain’s top banks are pulling out of Africa and casting doubt on the economic growth prospects of a continent that has been riding on the narrative of ‘‘Africa Rising’’ for more than a decade.

UK’s financial conglomerate Atlas Mara Ltd (ATMA), which had acquired banks in seven African countries, is at the tail end of exiting the continent.

For more information, please see https://www.theeastafrican.co.ke/tea/business/british-banks-exit-africa-over-risky-investments-3598880

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