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Are Barclays PLC’s African Ambitions At Risk?

For all the travails of Barclays (LSE: BARC) (NYSE: BCS.US) in recent years – the scandals, the executive witch hunts, the questions over its capital raising in the midst of the financial crisis, and the super-generous pay at its misfiring investment bank – one part of the Barclays’ story has remained untarnished and exciting. And that’s Barclays Africa, the company’s huge presence in arguably the world’s last great frontier market.

However, the bank’s former CEO Bob Diamond is causing a few raised eyebrows in the Barclays’ boardroom with BancABC — not least his hiring of the former CEO of Barclays’ Middle East and North African division, John Vitalo. In this video, Owain Bennallack digs deeper…

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Owain does not own shares in Barclays.