Barclays has signed a new agreement with China Development Bank (CDB) to offer banking and investment services in Africa.
The new memorandum of understanding replaces the previous pacts that Barclays had signed with CDB since 2007.
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The agreement will enable Barclays to offer CDB access to its corporate and investment banking capabilities as well as to its retail and business banking platform in 14 African countries.
The partnership will also focus on staff training, and banking opportunities within China.
Additionally, the agreement also includes stock and bond sales as well as foreign exchange trading.
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