A new scheme is expected to enable 4,000 beneficiaries of transfers sent by MREs to access credit more easily. Their history of receiving money will be incorporated into an assessment method developed by Damane Cash and Salafin.
The three major Moroccan banking groups now have such an extensive presence across the continent that Morocco is presented as Africa’s second-largest regional banking power, behind South Africa. Attijariwafa bank, BCP and Bank of Africa generate an increasing share of their business outside the Kingdom.
Bank Of Africa is deploying temporary banking spaces at several tourist sites this summer. Officially, it’s about making life easier for Moroccans living abroad. But this clientele, already heavily solicited, remains a major commercial target.
Morocco ranks fourth among the continent’s most performing nations in 2026. A position strengthened by its recent status as Africa’s leading industrial economy, surpassing countries like South Africa, Egypt, and Algeria.
Othman Benjelloun maintains his position as the richest man in Morocco in 2026 with a fortune of $1.7 billion. On a global scale, Elon Musk dominates the Forbes ranking, marking the hegemony of technology over global wealth.
The Benjelloun and Akhannouch families are entering the top of the Forbes Middle East 2026 ranking for the largest wealth increases. Their respective fortunes now reach $1.9 and $1.6 billion.
The businessman and banker Othman Benjelloun has regained the title of the richest person in Morocco, with an estimated fortune of $2 billion.
A Bank of Africa customer in Agadir obtained the restitution of over one million dirhams and compensation following the hacking of his account. The Marrakech Court of Appeal confirmed the bank’s responsibility in this embezzlement.
Bank of Africa (BOA) denies reports of an attempted hacking of its computer system.
In Tetouan, the director of a Bank of Africa (ex BMCE Bank) branch agency has stolen significant sums of money from his clients before disappearing.
The Othman Benjelloun group, O Capital Group, is reshuffling the cards in the Moroccan maritime transport sector. The Compagnie de Transports au Maroc (CTM) is taking over the majority stake (51%) in Africa Morocco Link (AML) held by Bank Of Africa.
Bank Al-Maghrib announced the decrease in the total number of bank branches on the territory of the kingdom, from 5,914 in 2022 to 5,811 in 2023.