BMCE Capital Investments will now be able to take a stake in the capital of companies in need of financing, in this context of crisis linked to the Covid-19 pandemic. Indeed, the investment banking division of Bank of Africa obtained by decree (n ° 1111-21 of May 3, 2021) from the Minister of the Economy, Finance and the Reform of the Administration after opinion of the Moroccan Capital Market Authority (AMMC), approval for the exercise of the activity of management company of collective investment undertakings in capital (OPCC).
On the capital market, BMCE Capital will use OPCCs as an investment vehicle to finance mainly unlisted companies.
This initiative comes in a context where the Moroccan capital market wants to be at the service of the financing of the economic recovery through 4 main pillars.
The first is to facilitate the use of capital market financing. Then promote regulation adapted to innovation and strengthen the protection of savings by consolidating the new supervision approach. And finally, to accelerate the modernization of the AMMC.
Based in Casablanca, a real hub of exchange between Europe, Africa and the Middle East, BMCE Capital is also present in Tunisia through its subsidiary BMCE Capital Tunisia and in West Africa through its subsidiary BOA Capital .
