Bank or financial institution

Bank of Africa Group S.A

Compiled from public sources

Bank of Africa, formerly known as Banque Marocaine du Commerce Extérieur (BMCE Bank), is a Moroccan commercial bank headquartered in Casablanca. Established in 1959 as a state-owned entity, it was privatised in 1995 and acquired by financier Othman Benjelloun through his insurance company RMA Watanya. In 2020, the bank rebranded to Bank of Africa. The bank operates in over 30 countries, primarily across Africa, offering a range of financial services including retail banking, corporate banking, investment banking, and asset management.

Investment focus

Sectors
Energy and powerSMEsInfrastructure
Stages and strategies
SeedGrowthFund investmentsProject financePrivate credit
Regions
Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa

Fund commitments

Sources

  1. Partner Researchers, accessed 14 November 2026