The story of the BANK OF AFRICA Group began in Mali in 1982, with the first BANK OF AFRICA, which was created with almost no external help.

Today, the BANK OF AFRICA Group is established in 18 countries.  There are:

  • Eight BOA banks in West Africa (Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Togo and Senegal),
  • Eight BOA banks in East Africa and the Indian Ocean (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Tanzania, Rwanda and Uganda),
  • One in the Democratic Republic of the Congo,
  • And also one in France, across a network of 16 commercial banks, one financial corporation, one banque de l’habitat, one brokerage firm, two investment companies, one asset management company and one Group representative office in Paris.

Since 2010, the BANK OF AFRICA Group has been majority-owned by BMCE Bank, the second largest private bank in Morocco. BMCE Bank brings strong strategic and operational support to the BANK OF AFRICA Group, as well as direct access to the international market as a result of its presence in Europe and Asia.

For more information on the history of the BOA Group, you can view the document ” Memories of the Group “.