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Barclays has
announced plans to close down 10 branches by the end of this year in Tanzania,
affecting an estimate of 100 employees, in the latest efforts by the bank to
realign its geographical presence in the country.


Barclays Bank
managing director Kihara Maina said the decision was geared towards ensuring
they delivered service according to expectations.

“We are
aiming at improving our services, performance and meeting ambitious operational
goals in Tanzania,” he said.

The bank said
interests of the affected employees would be looked after in accordance with
the country’s laws and Barclays policies. Currently, the bank has a network of
32 branches throughout the country and has put in place measures to minimise
service disruptions to customers by migrating the affected accounts to the
remaining branches.

“Ensuring
minimum inconveniences to our customers and affected employees is our priority
and we have taken necessary steps internally to minimize any negative effect
that changes like this can bring,” Mr Maina said.
 Source: The East African

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