Attijariwafa Bank to acquire majority stake in Société Générale Ghana

Morocco’s Attijariwafa Bank has agreed to acquire a 55.22 percent stake in Société Générale Ghana, expanding the North African lender’s presence in English speaking Africa. Under the agreement with Société Générale Group, Ghana’s Social Security and National Insurance Trust will acquire a further five percent stake. The transaction remains subject to regulatory and stock market approvals, after which Attijariwafa Bank will take control of the Ghanaian lender. Read also: Meet Fatima Ezzahra El Mansouri, the lawyer who rose from Marrakesh politics to Morocco’s top government post Société Générale Ghana, based in Accra, has more than 500 employees and operates about 40 branches across 24 cities. Attijariwafa Bank said the deal forms part of its expansion strategy and its ambition to strengthen its presence in English speaking African markets. The Moroccan lender said it also reflects its preference for working with institutions that have established positions in their local markets. Mohamed El Kettani, chairman and CEO of Attijariwafa Bank, said the agreement reflected the group’s confidence in Ghana’s economic prospects and in the quality of Société Générale Ghana. “The signing of this agreement reflects our confidence in Ghana’s development prospects and the quality of Société Générale Ghana,” El Kettani said. Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Under the agreement with Société Générale Group, Ghana’s Social Security and National Insurance Trust will acquire a further five percent stake. The transaction remains subject to regulatory and stock market approvals, after which Attijariwafa Bank will take control of the Ghanaian lender. Read also: Meet Fatima Ezzahra El Mansouri, the lawyer who rose from Marrakesh politics to Morocco’s top government post Société Générale Ghana, based in Accra, has more than 500 employees and operates about 40 branches across 24 cities. Attijariwafa Bank said the deal forms part of its expansion strategy and its ambition to strengthen its presence in English speaking African markets. The Moroccan lender said it also reflects its preference for working with institutions that have established positions in their local markets. Mohamed El Kettani, chairman and CEO of Attijariwafa Bank, said the agreement reflected the group’s confidence in Ghana’s economic prospects and in the quality of Société Générale Ghana. “The signing of this agreement reflects our confidence in Ghana’s development prospects and the quality of Société Générale Ghana,” El Kettani said. Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Read also: Meet Fatima Ezzahra El Mansouri, the lawyer who rose from Marrakesh politics to Morocco’s top government post Société Générale Ghana, based in Accra, has more than 500 employees and operates about 40 branches across 24 cities. Attijariwafa Bank said the deal forms part of its expansion strategy and its ambition to strengthen its presence in English speaking African markets. The Moroccan lender said it also reflects its preference for working with institutions that have established positions in their local markets. Mohamed El Kettani, chairman and CEO of Attijariwafa Bank, said the agreement reflected the group’s confidence in Ghana’s economic prospects and in the quality of Société Générale Ghana. “The signing of this agreement reflects our confidence in Ghana’s development prospects and the quality of Société Générale Ghana,” El Kettani said. Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Société Générale Ghana, based in Accra, has more than 500 employees and operates about 40 branches across 24 cities. Attijariwafa Bank said the deal forms part of its expansion strategy and its ambition to strengthen its presence in English speaking African markets. The Moroccan lender said it also reflects its preference for working with institutions that have established positions in their local markets. Mohamed El Kettani, chairman and CEO of Attijariwafa Bank, said the agreement reflected the group’s confidence in Ghana’s economic prospects and in the quality of Société Générale Ghana. “The signing of this agreement reflects our confidence in Ghana’s development prospects and the quality of Société Générale Ghana,” El Kettani said. Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Attijariwafa Bank said the deal forms part of its expansion strategy and its ambition to strengthen its presence in English speaking African markets. The Moroccan lender said it also reflects its preference for working with institutions that have established positions in their local markets. Mohamed El Kettani, chairman and CEO of Attijariwafa Bank, said the agreement reflected the group’s confidence in Ghana’s economic prospects and in the quality of Société Générale Ghana. “The signing of this agreement reflects our confidence in Ghana’s development prospects and the quality of Société Générale Ghana,” El Kettani said. Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Mohamed El Kettani, chairman and CEO of Attijariwafa Bank, said the agreement reflected the group’s confidence in Ghana’s economic prospects and in the quality of Société Générale Ghana. “The signing of this agreement reflects our confidence in Ghana’s development prospects and the quality of Société Générale Ghana,” El Kettani said. Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

“The signing of this agreement reflects our confidence in Ghana’s development prospects and the quality of Société Générale Ghana,” El Kettani said. Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Read also: Morocco appoints first woman prime minister after election win He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

He said the transaction was aligned with the group’s African expansion strategy and demonstrated its long term commitment to supporting the economies of countries where it operates. El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

El Kettani added that Attijariwafa Bank’s experience integrating acquired banks would help develop Société Générale Ghana for the benefit of its customers, employees and other partners. The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

The acquisition would give Attijariwafa Bank a stronger foothold in Ghana as it seeks to broaden its operations across Africa. The group currently serves about 12 million individual, corporate and institutional customers and employs more than 20,900 people across 26 countries in Africa, Europe and the Middle East. Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Read also: WORLD IN BRIEF:Commonwealth athletes go missing, Iran seeks Hormuz shipping control, Morocco approves $1.5bn waste to energy plant and other stories Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Attijariwafa Bank was ranked 979th in the 2025 Forbes Global 2000, according to the information provided by the bank. It reported revenue of $4.84 billion, profit of $956 million, assets of $71.7 billion and a market capitalisation of $14.44 billion. The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

The transaction is expected to be completed after the required regulatory and stock market approvals are secured. Related News Here are 21 key executive appointees in Nigeria in Q2 2026 Eno performs groundbreaking of Ibom international market to fast-track economic prosperity Group demands, rotational politics, power shift to Kogi West Faith Omoboye Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance. Share

Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance.