Friday, 10 April 2009

Barclays's African Charity case

Here's a strange one.
My man in Africa drops me a line with news running in Kampala that Barclays has moved its Uganda MD, Charity Jinya, to Kenya after a troublesome 15 month tenure.
Intriguingly, Uganda's Daily Monitor implies that the transfer was triggered by a visit last week from Barclays's Middle Eastern shareholders.
Admittedly the paper's report contains some howlers about the bank's shareholder register - but the DM's self-effacing tag-line informs readers that they receive "The Truth Every Day".
So can we believe that the paper has lived up to its own billing and that Barclays shareholders are now micro-managing the African ops? Surely not.

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