Barclays 2013 Annual Report Download - page 31

We are bringing together the best of our African
businesses with the best of our global franchise to the
benefit of our customers and clients.
During 2013, we worked closely between our operations across Africa
and with our global colleagues to meet the needs of our customers and
clients. We have been the bridge between local and global markets, we
have helped our African clients achieve their regional growth ambitions
and we have brought new products and solutions to our customers,
clients and the communities in which we operate.
Local going global
Acting as a joint-lead arranger we have raised $1bn for South African
state-owned power utility Eskom through a 10-year bond offering. The
transaction achieved $4bn in investor demand and represented
Eskom’s second US Dollar issuance. We are the only institution to have
acted as joint-lead manager on both issuances.
Global going local
Acting as the sole sponsor and joint financial advisor, we helped
Glencore Xtrata, a global diversified natural resource company to
access Africa with a listing on the Johannesburg Stock Exchange. This
listing makes investment in Glencore more accessible to South African
investors through its classification as a ‘domestic’ equity.
Working together to serve global and
regional clients and local customers
Local going regional
South African companies are looking at the rest of the continent for
growth and we continue to help the expansion of corporates on the
continent. We are supporting a clothing retailer’s expansion into Ghana
and won the tender to provide services to a major food retailer across
six countries – Botswana, Ghana, Mauritius, Tanzania, Uganda and
Zambia.
Access to global products and services
With Barclaycard, we have rolled out a Worldmiles Platinum credit card
in Botswana, Egypt, Kenya and Mauritius and the debit card version in
Egypt, Ghana, Tanzania, Uganda and Zambia providing local customers
with access to a leading global product. We have also worked closely
with Barclaycard to launch the Pebble – a mobile payment device – in
South Africa.
Leveraging the Barclays Social Innovation Facility for product and
services that drive social and commercial value
With GlaxoSmithKline, we are investing up to £7m over three years, to
help remove financial barriers to healthcare access while supporting
small business development and job creation in Zambia. By combining
our skills, expertise and resources, we hope to tackle the challenges of
last mile delivery and create a model that could be scaled across Africa
to help more people gain access to affordable healthcare.
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