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Recognition for Othman Benjelloun and Bank Of Africa (BOA) in Paris. The chairman of BOA was named “Best African Personality” by the prestigious Africa Investments Forum & Awards, organised by Leaders League, on 7 February in the French capital.

The achievement of the first BOA’s CEO, “African Personality of the Year 2022”, “rewards the strong and determined commitment of President Othman Benjelloun to accompany the development of the continent, as a key economic and financial actor in Africa, supporting strategic projects of transformation and Moroccan-African co-development”, underlines a press release of the Bank of Africa group.

Distinction de M. le Président Othman Benjelloun ‘’Best African Personality’’ par le prestigieux Africa Investments Forum & Awards @AIFA2023, organisé par #Leaders_League, le 7 février à Paris.

Plus d'infos: https://t.co/DVwnTuRXvU#AIFA2023

— Bank Of Africa (@Bank_OfAfrica) February 16, 2023

This prize, awarded by the Africa Investments Forum & Awards whose jury is composed of 100 members, brings together each year a high-level audience of over 700 public and private decision-makers and rewards the best players operating on the African continent as well as companies for their performance in Africa and their innovation, it is noted.

The Bank Of Africa Group was also awarded the prize of “Best African Bank of the Year 2022”, an honour received for the third time since 2018, for “its remarkable positioning on the African continent, relying on a powerful network and a presence in 20 African countries that cover the 5 zones of the continent”, the statement said.

“Bank Of Africa is, in fact, a reference player strongly committed to the environment and sustainable development, particularly through the BMCE Bank Foundation, which promotes education and community development in rural areas in Morocco and sub-Saharan Africa,” BOA stresses.

In addition, he continues, “the Bank has capitalised on its know-how in impact finance and social and environmental responsibility”.

Read Also:  Forbes listed five Moroccan women among top 100 businesswomen in the Middle East for 2023

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After the first “Digital Business Seminar” was held in September 2022 in Marrakech for clients in the center southern region, BANK OF AFRICA and its subsidiary BMCE Capital Markets continued the tour yesterday in Rabat, aiming for the Central Atlantic Region.

In 2023, further gatherings will be held to connect with businesses in other parts of the nation.

By presenting the strategy of digitalizing the bank-customer relationship and the use of cutting-edge technologies for the effective processing of foreign trade operations, the teams from BANK OF AFRICA and BMCE Capital Markets have instructed companies in the Central Atlantic Region on the advantages of a new customer experience.

A special importance was placed on the Business Online offer, an electronic banking solution for processing cash and trade operations, and Fx Direct, a portal for foreign exchange transactions and associated risk management.

By enhancing its support programs for entrepreneurs and by demonstrating its capacity to keep up with the rapid advancement of technology, BANK OF AFRICA, the first bank to enter the market to introduce an e-banking portal where Cash and Trade are grouped, is solidifying its position as a Connected Bank.

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The annual study on the 150 most powerful and valuable African brands has just been released by «Brand Finance».

– Overall brand value in the top 150 Africa fell by 12% from US$45.5 billion in 2020 to US$40.0 billion in 2021

– MTN, the South African telecom operator, has been named the strongest and most valuable African brand for the second year in a row, with a brand worth of US$2.7 billion.

– With 81 brands out of 150, South Africa dominates the ranking, accounting for 73 percent of the total value of the 150 African brands. Nigeria is second on the continent with 17 brands, and Morocco is third with 10 brands in the top 150.

– Banks, telecoms and insurance are the sectors with the strongest and most valued brands on the continent.

– The banking sector has the most valuable brands in Africa, with 36 brands accounting for 27 percent of the overall value of the 150 African brands. Between 2020 and 2021, the total value of African banking brands declined by 12%, as did the value of banking brands in other parts of the world.

– Three banking brands stand out with a positive development:

Kenya Commercial Bank (+ 12% à US$209 million), BANK OF AFRICA (+ 11% to US$221 million) and Nigeria Access Bank (+ 8% to US$262 million)

– The BANK OF AFRICA brand had the greatest year in terms of brand value in Morocco (all sectors combined) and the second-best performance in the African banking industry, with an increase of 11% in the brand value, which is now valued at US$221 million.

THE BANK OF AFRICA offers services in consumer, corporate and private banking and has a broad regional coverage in Morocco, it operates over 697 branches in Morocco alone. And 560 branches in the rest of the african continent.

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Bank of Africa “BMCE” has announced that it is gradually facilitating all traders and professionals from the Mobile Payment Solution “DabaPay Pro” which authorizes them to accept payments through mobile payment programs from all banking institutions.

The bank revealed in a statement that it was essentially providing clients the ability to carry out immediate money transfers in addition to the billing feature, telephone refilling, and bank-card-free cash withdrawals in the banking group’s 800 ATMs, providing a perfect and complete experience.

Following deliberations with the entire banking system community, this investment was put in place to ensure the interoperability of mobile payment services, allowing all customers, traders, consumers, and professionals to process transactions within and between each other.

According to the same source, this unit is fully operational within a number of traders, pharmacies, and restaurants in order to utilize the non-card-based payment acceptance feature to traders and professionals.

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