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  • Reuters2 years ago

    Barclays, ex-boss Diamond compete for Africa's banking promise

    * Diamond attracts U.S. hedge funds for Africa push * Atlas Mara to raise $400 mln to pursue acquisitions * Barclays targets Africa potential as it scales back investment bank American banker Bob Diamond last week unveiled plans to raise $400 million to double the war chest of his African venture Atlas Mara and set him up to buy more banks.

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