Bank Of Africa (BOA) has joined a group of leading African financial institutions within the African Natural Capital Alliance (ANCA), a premier pan-African platform dedicated to promoting economic growth and financial development across the continent.
Under the leadership of its Chairman, Othman Benjelloun, this membership reaffirms Bank Of Africa’s pioneering commitment to sustainable finance, particularly in supporting "nature-positive" African economies and enhancing the recognition of nature-related risks and opportunities within the financial sector, according to a BOA statement.
Thus, Bank Of Africa has become the first member from Morocco and the MENA region of ANCA, highlighting its commitment to nature and biodiversity, the statement noted.
Founded in 2022 by the United Nations Economic Commission for Africa (ECA) in partnership with FSD Africa, the ANCA acts as a collaborative forum led by stakeholders in Africa to mobilize the financial community's response to nature-related risks and opportunities across the continent.
"We are thrilled to join ANCA and look forward to collaborating with institutions that share Bank Of Africa’s vision for Africa's economic growth and the development of its financial sector," said Brahim Benjelloun-Touimi, Chief Executive Officer of Bank Of Africa.
"This partnership will leverage the resources and networks of ANCA, as well as create a lasting impact on financial inclusion and entrepreneurship across the continent," he affirmed.
Since 2015, Bank Of Africa has developed an innovative range of financial products to support its clients in key areas such as energy efficiency, water resource management, and the circular economy.
The Group has also integrated Environmental, Social, and more recently, Climate-related risks into the management of its portfolio.
Bank Of Africa stands out for its many achievements, including the actions of the BMCE Bank Foundation for Education and the Environment, as well as the ISO certifications for its Environmental and Energy Management System, a pioneering initiative in Morocco’s banking sector.
ANCA is a leading platform that brings together financial institutions, regulators, and development organizations to promote economic growth and financial development across Africa.
With a focus on creating a more inclusive and dynamic financial ecosystem, ANCA works to unlock new opportunities for capital, business growth, and regional cooperation.
FSD Africa is a development agency designed to address the systemic challenges of African financial markets, with the aim of driving large-scale and long-term changes.
