10 Things You Didn’t Know About Othman Benjelloun & Family

When we think of business tycoons and influential figures, names like Bill Gates and Jeff Bezos often come to mind. However, in the world of finance and entrepreneurship, there are many hidden gems worth discovering. One such remarkable individual is Othman Benjelloun, a Moroccan billionaire and the founder of Bank of Africa Group. In this article, we will delve into the lesser-known aspects of Othman Benjelloun and his family, shedding light on their achievements, philanthropic endeavors, and fascinating background.

1. Banking Dynasty Roots

The Benjelloun family has deep roots in the banking sector, stretching back to the 19th century. Othman’s father, Haj Bensalah Benjelloun, was the founder of Banque Marocaine pour le Commerce et l’Industrie, which later merged with Banque Commerciale du Maroc to form BMCE Bank. Othman followed in his father’s footsteps, taking the helm of the bank and transforming it into a global financial institution.

2. Empire of Influence

Under Othman Benjelloun’s leadership, BMCE Bank has grown into a vast empire of influence, spanning over 20 countries in Africa, Europe, and Asia. The bank’s success propelled Othman and his family to great heights, placing them among the wealthiest individuals in Africa.

3. Versatility in Business Ventures

While Othman Benjelloun is widely known for his prominent role in the banking sector, his business interests extend far beyond finance. He has diversified his portfolio by investing in various industries, including telecommunications, insurance, and renewable energy. This versatility showcases his entrepreneurial spirit and commitment to economic development.

4. Champion of Women’s Rights

Othman Benjelloun is a strong advocate for gender equality and women’s empowerment. He has actively worked towards increasing financial inclusion for women by supporting initiatives that provide access to financial services and entrepreneurship opportunities. Through his philanthropic foundation, he has helped numerous women launch successful businesses and improve their socioeconomic status.

5. Philanthropy for Education

Education plays a pivotal role in Othman Benjelloun’s philanthropic efforts. Committed to enhancing educational opportunities for young Moroccans, he founded the Al Akhawayn University in Ifrane, Morocco, in 1993. The university offers a rigorous liberal arts education, fostering critical thinking and empowering generations of students.

6. Global Recognition

Othman Benjelloun has achieved international recognition for his outstanding contributions to finance and philanthropy. He has received numerous accolades and prestigious awards, including the Forbes Africa Lifetime Achievement Award and the Clinton Global Citizen Award. Such recognition underscores his exemplary career and dedication to positive change.

7. Green Initiatives

Environmental conservation is high on Othman Benjelloun’s agenda. He is deeply committed to sustainable development and has undertaken several eco-friendly initiatives. His company, BMCE Bank, has invested heavily in renewable energy projects, contributing to Morocco’s transition towards a greener economy.

8. Cultural Patronage

Not only does Othman Benjelloun prioritize economic development, but he also acknowledges the significance of culture and heritage. He has personally collected an extensive array of ancient manuscripts, preserving Morocco’s intellectual history. Furthermore, his foundation sponsors cultural events and supports initiatives that safeguard Morocco’s cultural legacy.

9. Family Legacy Continues

Othman Benjelloun’s family members have made their mark in various fields, contributing to the family’s legacy of success. His siblings hold influential positions in finance, pharmaceuticals, and real estate, showcasing their aptitude for business and their endeavors to shape the future.

10. Commitment to Morocco

Above all, Othman Benjelloun remains dedicated to the progress of his home country, Morocco. His investments have played a pivotal role in the economy, creating jobs and fostering entrepreneurship. Through his unwavering commitment, he continues to uplift communities and inspire future generations to strive for excellence.

By uncovering the lesser-known aspects of Othman Benjelloun and his family, we gain a deeper understanding of their remarkable achievements and profound impact. From transforming the banking sector to philanthropic endeavors, their contributions have undoubtedly shaped Morocco and beyond.

For more information on Othman Benjelloun and his family, visit their official website here.