Finance

Banque Centrale Populaire announces acquisition of majority stake in a Senegal-based fintech

Banque Centrale Populaire announces acquisition of majority stake in a Senegal-based fintech
Tuesday, 04 December 2018 15:31

Banque centrale populaire (BCP), a Morrocan bank listed on Casablanca stock exchange, is about to acquire the majority stake in a Senegalese fintech.

This was revealed by a Moroccan media citing Kamal Mokdad, director of BCP responsible for international operations. The latter provided no additional detail on the identity of the fintech company nor did he disclose the amount BCP would invest for this acquisition.

"It is a Senegal-based tech company which has Total group as one of its shareholders", Kamal Mokdad said to the press.

In Morrocco, some media indicate that it could be Fintech Intouch. Indeed, this platform that facilitates access to digital services and digital money transfer has already partnered with the oil company Total.

BCP, present in 14 African countries recently announced its programme "Fintech challenge" aimed at supporting African tech companies in their development.

Chamberline Moko

On the same topic
BEAC introduces new USD transfer procedures from CFA franc accounts, effective July 22, 2025. Reform aims to streamline international payments and...
Non-bank institutional investors, though still a minority, are increasing their presence in the West African Economic and Monetary Union (WAEMU) public...
• Candi Solar plans to raise “tens of millions” in new Series D funding by 2026.• Current funds will deepen its footprint in South Africa and India’s...
- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank loans to SMEs rose by 13.5%, while lending to large...
Most Read
01

The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...

Kenyan Mawingu Networks to Sell 35% Stake to South Africa’s Pembani Remgro Fund
02

Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received...

US Remittance Tax Could Weigh Heavily on African Economies
03

The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...

10 African Fintech Unicorns and Upstarts Make World’s Top 300
04

Highlights: • Egypt targets 42% renewable energy share by 2030.• POWERCHINA to build 130-km high-vo...

Egypt expands grid capacity to support green energy ambitions
05

France will return the skull of a Sakalava king, along with those of two of his warriors, to Madagas...

Madagascar’s Beheaded King Finally Returns from France
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.