Moroccan billionaire Aziz Akhannouch leaves office after five years as prime minister
Aziz Akhannouch, whose family controls Morocco's biggest fuel distributor, handed over to Fatima Ezzahra El Mansouri and said he leaves with a clear conscience.
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Aziz Akhannouch, whose family controls Morocco's biggest fuel distributor, handed over to Fatima Ezzahra El Mansouri and said he leaves with a clear conscience.
Morocco's incoming prime minister has formed a four-party coalition without billionaire Aziz Akhannouch's RNI, which led the government for the past five years.
Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz reported MAD370.2 million in consolidated net profit for the first half of 2026, up 0.5% year on year.
Morocco's king named Fatima Ezzahra El Mansouri prime minister, ending the five-year premiership of billionaire fuel tycoon Aziz Akhannouch after his party lost.
Morocco's PAM won 97 of 395 seats in provisional results, while Prime Minister Aziz Akhannouch's RNI fell from 102 seats to 66 on 38% turnout.
Mohammed Al-Amoudi bought Morocco's only refinery for 4 billion dirhams in 1997. It shut in 2015 owing over $4 billion and has never reopened.
Aziz Akhannouch is worth $1.6 billion, sells Morocco a third of its fuel, and runs the government that awards his companies contracts.
Morocco's billionaire Prime Minister Aziz Akhannouch is opposing opposition bills to cap fuel prices and nationalise the Samir refinery in a market he controls through Afriquia.
Othman Benjelloun topped Morocco's 2026 billionaire rankings with a $1.7 billion fortune, ahead of Aziz Akhannouch and Anas Sefrioui, Forbes data shows.
Morocco’s wealthiest individuals are driving economic growth, influencing sectors like real estate, finance, energy, and pharmaceuticals, and enhancing Africa's economic footprint.
Anas Sefrioui returns to Africa’s billionaire list with a net worth of $1.7 billion, surpassing PM Akhannouch and banking tycoon Benjelloun.
Despite the recent decline, Akhannouch remains a prominent investor on the Casablanca bourse and one of the nation’s wealthiest business figures.
The $100-million decline in Akhannouch’s net worth is primarily attributed to the revaluation of his holdings in Akwa Group.
From the multibillion-dollar Akwa Group to influential ventures in chemicals, mining, tourism, and media, discover the man behind the $1.7-billion fortune.
The multimillion-dollar increase in Akhannouch’s net worth has cemented his position as the wealthiest billionaire in Morocco.
The $100-million decline in his net worth is linked to the revaluation of his holdings in Akwa Group, a diverse Moroccan conglomerate with substantial oil and gas interests.