According to L’Express, Moroccan banks, like Attijariwafa bank, Bank of Africa and Banque Centrale Populaire (BCP), have established themselves as key players in around thirty African countries, mainly in West Africa. and in Central Africa, thanks to a targeted and bold expansion strategy.
The newspaper cites as an example the gradual establishment of Attijariwafa bank, now present in 15 African countries, and the successful transformation of Bank of Africa, which is showing solid growth in high-potential markets. It also highlights the BCP, which has focused on an inclusive approach by relying on local partnerships to strengthen its presence on the continent.
The weekly also highlights the recent acquisition of Société Générale Maroc by the Saham conglomerate, led by Moulay Hafid Elalamy, as an emblematic example of this rise in power. This acquisition, described as a “turning point”, illustrates the capacity of Moroccan groups to appropriate major assets, while strengthening their influence on the financial markets.
A model aligned with the Royal vision
The L’Express article notes that this rise in power of Moroccan banks is not the result of chance, but is part of a global economic strategy driven by the royal vision. Mohammed VI, since his enthronement, has worked to strengthen South-South relations and position Morocco as a key player in African development.
With this in mind, L’Express recalls that the Moroccan banking sector plays a crucial role in the implementation of this vision, by supporting Moroccan investments in sectors such as agriculture, infrastructure, and even renewable energies.
A recognized economic soft power
L’Express does not fail to emphasize the importance of Moroccan banking expansion for the influence of the kingdom on a regional scale. Quoting Laureen Kouassi-Olsson, an expert in African finance, the newspaper describes this strategy as a real “economic soft power tool”. Their presence in strategic areas and their contribution to the financing of structuring projects help to consolidate the image of Morocco as a reliable partner and a regional leader.
Optimistic outlook
L’Express highlights the opportunities offered by the African continent with economic growth projected between 4% and 6% in 2025. Although African markets present challenges, such as political instability or currency fluctuations, banks Moroccans continue to demonstrate their resilience and ability to adapt.
In its conclusion, L’Express is optimistic about the future of Moroccan banks in Africa. He notes that their success is not limited to simple geographic expansion, but reflects true regional integration. This strategy could allow Morocco to realize its ambition of becoming an African financial hub.
