# Bank Of Africa

> Bank Of Africa is a VC fund in Casablanca backing Mining and Finance. See 2 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Casablanca, Morocco
- Total investments: 2
- Last investment: Sep 2025
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/bank-of-africa-bmce-group/
- X (Twitter): https://twitter.com/Bank_OfAfrica
- Website: https://www.bankofafrica.ma/
- Facebook: https://www.facebook.com/BMCEBankOfAfrica

Bank Of Africa is a VC fund in Casablanca focused on Mining and Finance. BMCE Bank of Africa offers banking products for individuals, professionals, Moroccans living abroad.A confirmed upward trend, such is the result of the 2014 financial year, bringing out the consolidation of the financial base of BMCE Bank of Africa Group, with its earning power growing stronger year by year.This was recently againdemonstrated by the record reached by the Net Income Attributable to the Parent, standing at MAD 1.944 billion, just under the bar of MAD 2 billion, accounting for more than the double of the amount of 2011, thus providing proof of concept for the Group’s strategic policy orientations, both in Morocco and abroad.Combined with the broader diversification of the business sectors, this performance further reflect the rising power of the Group, which is gaining a firmer foothold in Subsaharan Africa, inter alia through, the launch this year of the African Entrepreneurship Award, a competition with strong economic and social impact.Today, we have reached a new milestone in the development of BMCE Bank, which is gathering further strength as a continental Group, leveraging this powerful « Bank of Africa » brand name by coupling it with our prestigious BMCE Bank brand. « BMCE Bank of Africa » reflects our desire to extend our continental reach by setting up new establishments more especially in English-speaking and Portuguesespeaking parts of Africa.As a Maghrebian and Pan-African Group, our corporate responsibility is evidenced by all the commitments of our subsidiaries, acting as the operational and efficient vehicle. Whether this relates to financing of developmental projects or to community-based actions geared to promote financial inclusion, the Group, in its African dimension, has managed to position itself as a key player, highly involved in the economic, social and environmental development of the 30 countries where we are doing business.As part of 60th anniversary of the Independence of Morocco, 2015 will see the celebration of the 55th anniversary of the creation of Banque Marocaine du Commerce Extérieur, as well as the 20th anniversary of its privatization. We are confident that on these auspicious occasions, the accomplishments made by BMCE Bank and its subsidiaries will be far more striking, living up to the expectations of their shareholders, in line with the stature and the national and international outreach of BMCE Bank of Africa Group.

## Contacts

5 contacts available for Bank Of Africa. Shizune tracks 1 team members at Bank Of Africa. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/bmce-bank-of-africa?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mining | 1 | 50% |
| Finance | 1 | 50% |
| Payments | 1 | 50% |
| Oil and Gas | 1 | 50% |
| Financial Services | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 1 | 50% |
| Secondary Market | 1 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Othman Benjelloun | Co-founder,President & CEO | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Fluoralpha | Fluoralpha is a cutting-edge, environmentally focused chemicals company leveraging Morocco’s phosphate wealth to build a sustainable, innovative fluorine chemicals business, crucial for batteries and industrial sectors worldwide. | $110.7M | Debt Financing | Sep 21, 2025 |  |
| CashPlus | Cash Plus SA manages financial remittances of emigrants between Europe and Morocco. The company is based in Casablanca, Morocco. |  | Secondary Market | May 02, 2019 |  |

2 of 2 investments shown.

## Co-investors
- [Groupe Richbond](https://shizune.co/investors/profile/groupe-richbond) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Bank Of Africa invest in?

Bank Of Africa invests primarily in Mining, Finance and Payments startups, most often at Debt Financing and Secondary Market stage. Most of the 2 investments tracked by Shizune back companies in Morocco. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Bank Of Africa?

Public channels for Bank Of Africa include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Bank Of Africa?

The team at Bank Of Africa includes Othman Benjelloun (Co-founder,President & CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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