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Barclays Africa Chief Executive visits Zambia

Kennedy Bungane. Pic: Tshepo Kekana. 15/03/2011. © Sunday World.

Chief Executive of Barclays Africa and Head of Africa Strategy, Kennedy Bungane visited Zambia for the first time on official business since assuming his role on July 1, 2012.

Barclays Bank Zambia Managing Director Mr Saviour Chibiya disclosed in Lusaka that Zambia was among the countries Kennedy Bungane decided to visit soon after taking up his role.

“Kennedy Bungane is visiting Barclays Zambia to acquaint himself with the economic and business environment in Zambia and so he is meeting with many stakeholders, including policy makers, customers and employees.  The rapidly growing GDP of Africa has been consistent and presents immense business opportunities,” Mr Chibiya said.

Mr Bungane said that like other countries, Zambia was an important market for Barclays. He stated that he was delighted to have joined Barclays at a time the bank was embarking on the exciting journey of realising significant growth opportunities in Africa.

“Together, Barclays and Absa represent a strong franchise across the continent for the benefit of customers and clients. Therefore, we have a major role to play in supporting the economic development of the continent,” said Mr Bungane.

Whilst in Zambia, Mr Bungane attended a number of meetings with regulatory and government officials. He also met with employees,customers and other stakeholders.

In Zambia, Barclays has a heritage of nearly 100 years. In recent years, the bank invested substantial resources by growing its branch network across the country, thereby creating job opportunities for hundreds of Zambians as well as making financial services readily and widely accessible to the majority of the Zambian population.

Mr Bungane joined Barclays in July this year and he will be responsible for all operational and business activities in Africa outside SouthAfrica for both Barclays and Absa.  He has over 20 years of extensive experience in the financial services industry

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