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Team of the monthDecember 1 2007

BMCE Group bridges out

The success of Morocco’s BMCE Group could become a beacon for other African countries that are beginning to see growth and stability. Neil Sen reports.
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Othman Benjelloun stepped up in 1995 to become president and CEO of Banque Marocaine Du Commerce Exterieur (BMCE) for one year, to take on an interim role in a bank that had been newly privatised. Or so the engineering graduate thought.

Twelve years on, Mr Benjelloun still leads the bank in which his family, through the company Finance.com, is the largest shareholder. As he discusses the past and unveils his new pan-African vision for BMCE’s future, he shows no sign of weariness.

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