Barclays invests in Namibia

Barclays plans to buy a 49.9 per cent stake in Namibia's second-largest lender by assets, Bank Windhoek, the country's central bank said yesterday, in a deal that gives the British lender a presence in the south-western African country. The value of the potential deal had not been determined as Barclays was yet to start talks with the bank that holds more than $2bn in assets, Ebson Uanguta, the central bank’s deputy governor told reporters.