Financial Conduct Authority (FCA) News

Jes Staley, CEO, Barclays

Barclays to surrender control of Africa unit with £1.6bn sale

Barclays has been given regulatory approval for the sale of its remaining stake in its Barclays Africa Group, according to a unit of the business.

Luanda, Angola: Angola is one of the countries in which One Re currently operates.

London reinsurer One Re expanding into 38 African countries by 2015

One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces developed regions.