Billionaire Profile
Aziz Akhannouch & family
Global Rank
#2413

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Aziz Akhannouch & family

CEO, Petroleum
MOROCCO
Real-Time Net Worth
$1.59B
Estimated based on Petroleum stock value as of March 6, 2026
0% (24h)
Age
65
Source
Petroleum, diversified
Industry
Diversified
Citizenship
MOROCCO

Biography

Aziz Akhannouch is a prominent Moroccan businessman and politician, currently serving as the Prime Minister of Morocco since 2021. His estimated net worth is $1.6 billion, making him one of the wealthiest individuals in Africa. The primary source of his wealth is the Akwa Group, a diversified conglomerate with interests in petroleum, gas, and chemicals. Akhannouch's career spans both business and politics, having served as Minister of Agriculture from 2007 to 2021. He graduated from the Université de Sherbrooke with a management diploma.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Aziz Akhannouch was born in 1961 in Tafraout, Morocco, and was raised in Casablanca. He completed his secondary education in Casablanca and later pursued higher education in Canada, earning a management diploma from the Université de Sherbrooke in 1986.

Rise to Success

After graduating, Akhannouch joined the family business, Akwa Group, founded by his father. He served as the CEO of Akwa Group, a large conglomerate with diversified interests in petroleum, gas, and chemicals through publicly-traded companies like Afriquia Gaz and Maghreb Oxygene.

Key Business Strategies

Under his leadership, Akwa Group expanded its operations, entered the telecommunications and media sectors, and launched innovative concepts such as Villages Afriquia. Akwa Group is known for its strategic partnerships and investments across various sectors, contributing significantly to Morocco's economy.

Political Career and Philanthropy

Akhannouch's political career began with his involvement in local councils before he joined the National Rally of Independents (RNI) party. He served as Minister of Agriculture and Fisheries from 2007 to 2021, during which he implemented the Green Morocco Plan. In 2021, he was appointed Prime Minister of Morocco.

Career Milestones

1986

Graduated

Graduated with a management diploma from the Université de Sherbrooke.

1993

Restructuring

Business reorganized under the name AKWA Holding.

2003

Political Career

Became president of the Souss-Massa-Drâa regional council.

2007

Minister of Agriculture

Appointed as Minister of Agriculture and Fisheries.

2021

Prime Minister

Appointed Prime Minister of Morocco.

Controversies & Challenges

2017

Corruption Accusations

Accused of stealing 13 billion Moroccan dirhams intended for gas compensation.

2022

#Degage_Akhannouch Campaign

Online campaign accusing Akhannouch and his company of benefiting from rising fuel prices.