Barclays Bank of Kenya, which has until June 2020 to adopt the Absa brand, says it sees a spike in operating costs from the second half of the year as it embarks on a splitting process from UK’s Barclays PLC.

London-based Barclays Plc cut its controlling stake in the African business to 14.9 per cent last December, resulting in a rebranding of Barclays Africa Group to Absa in July this year.

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