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Somali Company Wins Money Transfer Case Against Barclays Bank

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AFRICANGLOBE - In 2012, for the first time, remittances became the largest external financial source to Africa, ahead of foreign direct investment and donor aid. Barclays has denied targeting Somali money transfer companies, arguing that its decision was solely about the internal controls of the money transfer businesses, “not where they send money to”.

Barclays, Impala in Indigenisation Talks With Zimbabwe's Government

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Barclays plc and Impala Platinum Holdings Limited have received letters from the Zimbabwean government regarding submissions made to meet a requirement to sell half their local units to indigenous Zimbabweans.
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