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Company type | Société anonyme |
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Founded | 1932 |
Founder | Ahmed Ouldhadj Akhannouch Haj Ahmed Wakrim |
Headquarters | , Morocco |
Key people | Aziz Akhannouch Ali Wakrim Jamal Wakrim |
Revenue | ![]() |
Owners | Akhannouch and Wakrim |
Website | www |
Akwa Group S.A. is a conglomerate company headquartered in Casablanca.
The company is active in oil and gas (Afriquia, Afriquia Gaz, Tissir Gaz, Maghreb Oxygène), retail (Mini-Brahim), tourism (Société d’Aménagement et de Promotion de la Station Taghazout, Hôtel Fairmont Taghazout Bay), the media (La Vie économique, Aujourd'hui le Maroc, Femmes du Maroc, Nissae Min Al Maghrib) and real estate (Résidences Place Des Zaers).
Akwa Group is owned by the Akhanouch and Wakrim families.
The company was incorporated in 1959 as Afriquia SMDC (Société Marocaine de Distribution de Carburants) which is now a subsidiary of Akwa Group S.A. The other major subsidiary, Maghreb Oxygène, was established in 1974. The corporate structure was reorganized in 1990s by creation of the holding company Groupe Afriquia. Its subsidiaries Afriquia Gaz and Maghreb Oxygène were publicly listed in 1999. Groupe Afriquia changed its name to Akwa Group in March 2002. [1]
Afriquia fuel stations were targeted in the 2018 Moroccan boycott. [2]
The ONA Group is a defunct Moroccan holding company established in 1934 and dissolved in 2010 and succeeded by Societe Nationale d'Investissement. ONA was an industrial, financial and services conglomerate, focused on positions of leadership and value creation in business activities contributing to the growth and sustainable development of Morocco, the Maghreb Region and the African Continent. ONA Group was structured around several activities: Mining, Agribusiness, Distribution, Financial Services, Telecommunication, Renewable Energies, and Growth Drivers, etc.
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A popular consumer boycott occurred in Morocco in 2018. Motivated against price gouging, market monopolization, and business-politics conflicts of interest, it targeted the Sidi Ali bottled water, Afriquia Gaz, and Centrale Danone dairy products—three corporate brands closely associated with political power in Morocco.
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