This announcement was made by Graham Sheward, Corporate Director of Barclays International Banking (BIB). It was at the end of year cocktail of Barclays International Banking at Barclays House in Ebony.
Barclays operates in 13 African countries plus, representations and integrated banking arrangements in countries like Namibia, Nigeria, Malawi, Madagascar, Morocco and Rwanda.
2012, Graham Sheward advance was a difficult year for the Global Business sector, due to the contraction of the global economy and continuing uncertainty in that it is of the non-double taxation treaty between Mauritius and India, and the introduction of GAAR, resulting in a reduction of FDI and business opportunities.
However, according to our interlocutor, the year 2012 was a year of building for the future. We aim to build a positive change with Barclays Africa, Mauritius and Barclays BIB. In addition, the BIB is expected to more or less similar performance in recent years. In addition, Barclays Mauritius asked to become a locally incorporated company. This will be a positive change that will enable cross-border customers in many countries to take advantage of all the tax benefits available through the network of DTA, in particular as regards the possibility of debt financing.
Graham Sheward also explains that significant investments have been made to improve the customer proposition through improved products and services, and to raise the profile of Barclays Mauritius as an international bank of choice.
The next year, including Barclays launch a new product specially designed for offshore partners. "And for your international customers, we will improve our offering debit cards in foreign currencies, the possibility of bank statements online and a new product, cash pooling." This will increase our range of financing products debt, border, with the launch of structured investment products, "he says.