Posted by Natalie Blackwood -
October 27, 2014 -
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Through his holding company, FinanceCom, Othman Benjelloun has interests in banking, insurance, and telecom in Morocco. His largest asset is RMA Watanya, an insurer. He is CEO of BMCE Bank, one of the country's largest banks, which is active in more than 15 African countries, generating 44% of BMCE Bank's earnings last year. FinanceCom also runs Paris-based money management firm FinanceCom Asset Management. Last year it launched investment fund FCOM Africa on the French market with initial capital of $28 million (20 million euros). It plans to invest in companies in Nigeria, South Africa, Morocco, Kenya, and Ghana, among other countries.