Othman Benjelloun & family

Early Life

Othman Benjelloun was born in 1932 in Fez, Morocco. He is a member of the prominent Benjelloun family. He received an education at the École Polytechnique Fédérale de Lausanne in Switzerland.

Rise to Success

Benjelloun's father was a shareholder in an insurance company that Benjelloun later took over in 1988. He transformed this into RMA Watanya. After purchasing the insurance company, Benjelloun expanded into the banking industry. His banking enterprise, BMCE Bank (now Bank of Africa), has a significant presence across Africa. He made strategic alliances with companies such as Volvo and General Motors in the 1960s and 1970s.

Key Business Strategies

Benjelloun's key business strategies included expanding BMCE Bank across Africa through acquisitions, such as the Bank of Africa. He also formed strategic partnerships with global companies to expand into new markets.

Philanthropy

Benjelloun is involved in philanthropy through the BMCE Bank Foundation. The foundation supports education and environmental initiatives in Morocco and across Africa.