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Aziz Akhannouch & family

Aziz Akhannouch & family

A. family
-0.03% | - $-0.52M
$1.61 B ₹ 14,641 Cr
Real Time Net Worth #2398 Ranking as of 21 Feb 2026 By Forbes

More on Aziz Akhannouch & family

Gender

Male

Age

65Y

Country

Morocco

Born On

January, 1961

Deceased

No

Relationship Status

Married

Children

3

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Government Of Morocco

Titles

Prime Minister

Sources of Wealth

Akwa Group

Industry

Oil & Gas, Diversified, Politics

About Aziz Akhannouch & family


A ziz Akhannouch is a Moroccan billionaire businessman and prominent politician who currently serves as the Prime Minister of Morocco. He is the majority owner of Akwa Group, a multi-billion dollar Moroccan conglomerate with diverse interests in petroleum, gas, and chemicals, as well as media, real estate, and hotels. The company was founded by his father and has become a dominant force in the Moroccan economy.

Akhannouch has had a long and influential career in both business and politics, often holding powerful ministerial positions while also managing his family's vast business interests. He served for many years as Morocco's Minister of Agriculture and Fisheries. In 2021, his political party won the parliamentary elections, and he was appointed Prime Minister by King Mohammed VI. His dual role as a top political leader and one of the country's wealthiest businessmen has made him a powerful but also controversial figure in Morocco.

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Quick Reads


  • The current Prime Minister of Morocco, in office since 2021.
  • Majority owner of Akwa Group, a large Moroccan conglomerate.
  • Akwa Group is a major player in the country's oil and gas distribution sector.
  • Previously served for many years as Morocco's Minister of Agriculture.
  • He inherited the family business founded by his father.

Early Life and Background


Born in Tafraout, Morocco, in 1961, Aziz Akhannouch is a Moroccan billionaire businessman and politician who currently serves as the Prime Minister of Morocco. His family’s immense fortune is rooted in the Akwa Group, a massive conglomerate with dominant interests in the energy and petroleum sectors, established by his father and co-founder Ahmed Oulhaj Akhannouch.

Akhannouch received a world-class business education, graduating with a management diploma from the Université de Sherbrooke in Quebec, Canada, in 1986. This formal training in Western management and finance, combined with his inherited mandate to lead one of Morocco’s largest companies, prepared him for a complex career that would seamlessly transition between commanding a multi-billion dollar business and holding the highest offices in Moroccan politics.

Career Journey of Aziz Akhannouch & family


Aziz Akhannouch’s career is defined by his dual roles in business and public service. He ascended to become the CEO of the Akwa Group, overseeing its vast, vertically integrated interests in oil, gas, distribution (through the Afriquia brand), and recently, renewable energy. The Akwa Group is a crucial component of Morocco's energy infrastructure and economy, providing a stable foundation for his immense wealth.

His political career is equally distinguished. He served as the Minister of Agriculture and Fisheries from 2007 to 2021, during which time he implemented the transformative Green Morocco Plan, a national agricultural development strategy. The pivotal moment came in the 2021 general election, where his party, the National Rally of Independents (RNI), placed first. Following this victory, King Mohammed VI appointed him as the new Prime Minister of Morocco in October 2021. This rare political achievement—a billionaire industrialist achieving the nation’s highest executive office—cemented his status as Morocco’s most powerful figure.

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Aziz Akhannouch & family's Timeline


1961:

Born in Tafraout, Morocco.

1986:

Graduates from Université de Sherbrooke (Management Diploma).

2007–2021:

Serves as Minister of Agriculture and Fisheries.

2020 (March):

Donates $103.5 million to Morocco’s COVID-19 fund (Crisis Philanthropy).

2021 (September):

His party (RNI) wins the general election; appointed Prime Minister of Morocco by King Mohammed VI (Political Apex).

Ongoing:

Continues to serve as Prime Minister and controls the Akwa Group (via his family).

Major Business Ventures and Investments


Aziz Akhannouch’s wealth is concentrated in his family’s controlling ownership of the private Moroccan conglomerate, Akwa Group.

  • Akwa Group (CEO & Controlling Family): The core asset, a dominant player in:
    • Oil and Gas Distribution: Through its subsidiary Afriquia Gaz, which controls a massive share of the domestic energy distribution market.
    • Energy and Renewables: Expanding investment into the highly strategic renewable energy sector.
    • Diversified Holdings: The group employs over 50,000 people across various sectors, including logistics and tourism.
  • Political Influence: His current role as Prime Minister and his long tenure as a key minister provide unparalleled influence over national policy and infrastructure planning.
  • Wife's Business: His wife, Salwa Idrissi, is a successful businesswoman who runs her own retail and mall development company, further diversifying the family's assets.

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Philanthropy and Social Impact


Aziz Akhannouch’s social impact is massive and highly structural, tied directly to his political and business roles. His greatest contribution as Minister of Agriculture was the Green Morocco Plan, which modernized the agricultural sector, increasing productivity and improving farmer livelihoods.

In 2020, through his company Afriquia, Akhannouch made a massive donation of roughly one billion dirhams ($103.5 million) to Morocco’s COVID-19 pandemic management fund, a highly visible act of national crisis philanthropy. As Prime Minister, his focus remains on economic and social development, ensuring his immense wealth is channeled to serve the national agenda, a commitment reinforced by his close relationship with King Mohammed VI.

Fashion, Style, and Lifestyle


Aziz Akhannouch maintains the distinguished, powerful style of a traditional Moroccan statesman and CEO. His attire is consistently formal, featuring tailored Western suits for international engagements and elegant traditional Moroccan wear (like the Jellaba) for official duties. His aesthetic is one of measured authority and immense influence.

His lifestyle is secure and influential, centered in Morocco. His luxury is the vast, tangible control he wields over his country's energy infrastructure and his political power as Prime Minister. His personal life is private, shared with his wife, Salwa Idrissi, a successful businesswoman. His life is dedicated to the high-stakes world of business and national governance, often representing the King on foreign engagements.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the current Prime Minister of Morocco (appointed 2021).
  • His company, Akwa Group, is a dominant player in Morocco’s oil and gas distribution.
  • He donated over $103 million to Morocco’s COVID-19 pandemic management fund.
  • He served as the Minister of Agriculture and Fisheries for 14 years.
  • He implemented the transformative Green Morocco Plan for agricultural modernization.
  • He holds a degree in Management from a university in Quebec, Canada.
  • His wife, Salwa Idrissi, runs a successful retail and mall development company in Morocco.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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