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Morocco's Attijariwafa bank to eye new Africa acquisitions from late 2019

Customers at Morocco’s Attijariwafa bank. [Photo: Courtesy]

JOHANNESBURG- Morocco’s Attijariwafa Bank plans to launch a new acquisition push in Africa late next year, starting with Rwanda, Kenya and Ethiopia, a bank executive said on Thursday.

Attijariwafa, one of Morocco’s biggest banks that is controlled by the royal family through its Al Mada holding company, already has subsidiaries in Cameroon, Congo Republic, Egypt, Gabon, Ivory Coast, Mali, Mauritania, Senegal, Tunisia and Togo. It also has branches in Europe and the Gulf.

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