akwa africa gains exclusive control over total Mauritanie
The permanent commission of the Moroccan Competition Council officially endorsed the acquisition of Total Mauritanie S.A by Akwa Africa S.A, granting the latter full ownership of the Mauritanian fuel distributor. This landmark decision was formally documented in the most recent issue of the Official Bulletin.
approval follows regulatory scrutiny
Back in early November, the Moroccan Competition Council received formal notification of this economic concentration project. Industry sources, including Financial Afrik, estimate the deal’s value at approximately $185 million, marking a significant transaction in the region’s energy sector.
who stands behind the acquisition?
Akwa Africa, a Moroccan investment firm, specializes in acquiring stakes in sub-Saharan African enterprises focused on fuel import, storage, wholesale, and distribution, alongside LPG (liquefied petroleum gas) operations. By securing Total Mauritanie, a Mauritanian subsidiary of TotalEnergies Marketing Afrique, the group strengthens its presence in the downstream petroleum market across Africa.
strategic expansion in africa’s energy sector
This deal underscores Akwa Africa’s commitment to growing its footprint in Africa’s fuel and energy markets. The acquisition not only consolidates its supply chain but also enhances distribution capabilities across key markets in sub-Saharan Africa.