Barclays’s pullback highlights some challenges in the “Africa Rising” story
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The announcement by Barclays Plc that it will sell down its stake in the Johannesburg-listed Barclays Group Africa serves as a blow to the “Africa Rising” narrative. The upbeat story on the back of strong economic growth has been widely told and well received over the past decade. However, amidst a slump in global commodity prices and slower growth key trading partner China, Sub-Saharan Africa (SSA) Africa is facing many challenges in 2016.
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