Financecom Morocco

FinanceCom is a prominent Moroccan holding company with a diversified portfolio across various sectors, playing a significant role in the Moroccan economy. Founded by Othman Benjelloun, it has grown into a major player in finance, insurance, telecommunications, and real estate.

The company’s flagship asset is undoubtedly BMCE Bank of Africa, now known as Bank of Africa. This is one of Morocco’s largest and most internationalized banking institutions, with a significant presence throughout Africa. Through Bank of Africa, FinanceCom facilitates trade and investment, providing a range of financial services to individuals, businesses, and governments across the continent. Its influence extends beyond Morocco, contributing to economic development and regional integration in Africa.

Beyond banking, FinanceCom has a substantial presence in the insurance sector through RMA Watanya. RMA Watanya is a leading insurance company in Morocco, offering a wide array of insurance products, including life, property, and casualty coverage. Its market share and reputation for reliability make it a crucial component of FinanceCom’s overall financial services strategy.

The telecommunications sector is another area of interest for FinanceCom. While its involvement might not be as direct as in banking and insurance, the holding company has strategic investments that contribute to the growth and modernization of Morocco’s telecommunications infrastructure. These investments are crucial for supporting the digital economy and enabling greater connectivity across the country.

FinanceCom’s real estate arm is also noteworthy. It develops residential, commercial, and tourism projects that contribute to Morocco’s urban development and attract foreign investment. These projects often incorporate sustainable practices and aim to enhance the quality of life for residents and visitors alike.

FinanceCom’s success is attributed to its long-term vision, strategic investments, and commitment to social responsibility. The company is actively involved in philanthropic initiatives through the BMCE Bank Foundation, which supports education, healthcare, and cultural preservation projects in Morocco and throughout Africa. This dedication to social impact reinforces its position as a responsible corporate citizen.

In conclusion, FinanceCom is more than just a holding company; it’s a driving force behind Morocco’s economic growth and development. Its diversified portfolio, particularly its dominance in banking and insurance through Bank of Africa and RMA Watanya, coupled with its investments in telecommunications and real estate, positions it as a key player in the Moroccan and African business landscapes. Its commitment to corporate social responsibility further strengthens its reputation and impact on the communities it serves.