Billionaire Profile
Aziz Akhannouch & family
Global Rank
#2233

Image: Public domain | via Wikimedia Commons

Aziz Akhannouch & family

CEO, Akwa Group
MA
Real-Time Net Worth
$1.6B
As of December 2025
Age
64
Source
Petroleum, diversified
Industry
diversified
Citizenship
MA

Biography

Aziz Akhannouch is a prominent Moroccan businessman and politician, currently serving as the Prime Minister of Morocco since October 2021. With a net worth of $1.6 billion as of December 5, 2025, he is a key figure in the petroleum, diversified industry and the majority owner of Akwa Group, a multibillion-dollar conglomerate founded in 1932. His career includes serving as Minister of Agriculture from 2007 to 2021. Akhannouch has been involved in various initiatives, including the Green Morocco Plan.

Wealth Over Time

In-Depth Profile

Early Life and Education

Aziz Akhannouch was born in Tafraout, Morocco, in 1961. He was raised in Casablanca. He completed his secondary education in Casablanca and then pursued higher studies at the Université de Sherbrooke in Canada, where he earned a diploma in management in 1986.

Rise to Success

After graduating, Akhannouch returned to Morocco and became involved in the family business. He took charge of developing the family business, Africa Gas, expanding its activities to become a leader in the hydrocarbons sector in Morocco. Under his leadership, the Akwa Group expanded into various sectors, including petroleum, gas, retail, tourism, media, real estate, and chemicals.

Key Business Strategies

Akhannouch's business strategies involved diversifying the Akwa Group across various sectors. His company, Akwa Group, has interests in petroleum, gas, and chemicals through publicly-traded companies like Afriquia Gaz and Maghreb Oxygene. He also invested in real estate and media.

Political Career

Akhannouch's political career began in the 2000s, when he was elected as an independent to the local council in Tafraout. He later became the President of the Souss-Massa-Drâa regional council from 2003 to 2007. He served as Minister of Agriculture and Fisheries from 2007 to 2021. In September 2021, he was appointed as the Prime Minister of Morocco.

Career Milestones

1986

Graduated

Graduated from Université de Sherbrooke with a management diploma.

2003-2007

President of the Souss-Massa-Drâa regional council

Served as the President of the Souss-Massa-Drâa regional council.

2007-2021

Minister of Agriculture and Fisheries

Served as the Minister of Agriculture and Fisheries.

2016

President of the National Rally of Independents party

Became Secretary General of the National Rally of Independents party.

2021

Prime Minister of Morocco

Appointed as the Prime Minister of Morocco.

Philanthropy & Social Impact

COVID-19 Relief

COVID-19 Pandemic Management Fund

$103.5M

Afriquia, a subsidiary of Akwa Group, donated to the fund

Controversies & Challenges

2018

Fuel Company Boycott

His fuel distribution company was targeted by a boycott.

2017

Accusations of Corruption

He faced accusations of corruption during his time as Minister of Agriculture.

2022

Fuel price controversy

Soaring fuel prices in Morocco placed Akhannouch at the heart of a debate about the conflict between business and politics.

2024

Desalination Plant Contract

Facing calls for his resignation over conflicts of interest involving a contract awarded to his own company for the construction of a seawater desalination plant.

2025

Comments on Tomato Prices

Akhannouch sparked controversy with remarks about the availability of basic goods amid economic challenges.