Company: Afriquia Gaz
Country: Morocco
Sector: LPG / Wholesale Distribution
CEO: Abdelhakim Amine (Directeur Général Délégué)
Website: https://www.afriquiagaz.com/
Careers Page: Not publicly listed
LinkedIn: https://www.linkedin.com/company/afriquia-gaz
Email: Not publicly listed
Headquarters: Casablanca, Morocco
Founded: Not publicly listed
Valuation/Revenue: $885.4m revenue / $1,427.0m market value (African Business Top 250, 2025)
Afriquia Gaz is Morocco’s leading liquefied petroleum gas (LPG) distributor, importing, bottling and distributing butane and propane gas for household cooking, heating and industrial use across the country. It is a subsidiary of Akwa Group, one of Morocco’s largest privately controlled conglomerates, and is listed on the Casablanca Stock Exchange.
What Does Afriquia Gaz Do?
Afriquia Gaz’s core business is the storage, bottling and distribution of butane and propane gas in Morocco, where LPG (sold in the familiar blue and other branded cylinders) remains a dominant household cooking fuel, historically supported by state subsidies as part of Morocco’s Caisse de Compensation price-support system. The company operates storage depots, filling centres and a distribution network reaching retailers and end consumers nationwide, and also supplies bulk propane to industrial and commercial customers. As part of Akwa Group, Afriquia Gaz sits alongside sister companies in fuel retailing (Afriquia SMDC service stations) and other energy-adjacent businesses, giving the wider group significant reach across Morocco’s downstream energy sector.
Is Afriquia Gaz Legit?
Yes. Afriquia Gaz is a long-established, publicly listed company on the Casablanca Stock Exchange, regulated by Morocco’s AMMC (Autorité Marocaine du Marché des Capitaux) securities authority, with audited annual and interim financial statements published as required of listed issuers. It is one of the most actively traded energy-sector stocks on the Moroccan bourse.
How Big Is Afriquia Gaz?
African Business’s Top 250 Companies in Africa (2025) ranked Afriquia Gaz at position 132, with revenue of roughly $885.4 million and a market value of about $1.43 billion, placing it among Morocco’s larger listed industrial and energy companies. Its scale reflects Morocco’s heavy national reliance on bottled LPG for residential cooking, a market where Afriquia Gaz has historically held one of the top two or three market shares alongside competitors such as the Vivo Energy/Somepi-linked distributors and Salam Gaz.
Who Is the CEO of Afriquia Gaz?
Abdelhakim Amine was appointed Directeur Général Délégué (Deputy Managing Director) of Afriquia Gaz, taking on day-to-day executive leadership of the company. Afriquia Gaz sits within Akwa Group, the diversified holding company whose principal shareholder family includes Aziz Akhannouch, a prominent Moroccan businessman who has also served as Morocco’s Head of Government (Prime Minister) since 2021; Akhannouch’s business interests, including in Akwa Group and its listed subsidiaries, have been a recurring subject of Moroccan political and media scrutiny given the overlap between his business holdings and public office.
Who Owns Afriquia Gaz?
Afriquia Gaz is majority-controlled by Akwa Group, the Casablanca-based conglomerate built around the Akhannouch family’s energy, real estate and agribusiness interests, with the balance of shares held by institutional and public investors on the Casablanca Stock Exchange free float.
Where Is Afriquia Gaz Headquartered?
Afriquia Gaz is headquartered in Casablanca, Morocco’s economic capital, where Akwa Group’s broader corporate operations are also based.
How Does Afriquia Gaz Compare to Its Competitors?
In Morocco’s bottled-gas market, Afriquia Gaz’s main rivals include Salam Gaz, Somepi (Vivo Energy-linked) and Ziz Gaz, among other regional and national LPG distributors. Afriquia Gaz’s scale and integration with Akwa Group’s broader fuel distribution network (including Afriquia service stations) give it significant logistics and brand advantages in reaching Moroccan households.
How Has Afriquia Gaz’s Market Evolved?
Morocco’s LPG sector has historically operated under a state price-support (subsidy) system through the Caisse de Compensation, which kept butane gas cylinder prices low for consumers regardless of import costs; successive Moroccan governments have periodically debated reforming or phasing out these subsidies as part of broader fiscal reform, a policy question that directly affects Afriquia Gaz’s margins and the wider LPG distribution sector’s economics. Afriquia Gaz has responded by investing in storage capacity, distribution logistics and, more recently, diversification into other bottled and bulk gas products for industrial customers, helping cushion the business against any future subsidy adjustments.
Links
Website: https://www.afriquiagaz.com/
Careers Page: Not found
LinkedIn: https://www.linkedin.com/company/afriquia-gaz
Email: Not publicly listed
FAQ
Is Afriquia Gaz a public company?
Yes, Afriquia Gaz is listed on the Casablanca Stock Exchange (ticker: GAZ).
Who owns Afriquia Gaz?
Afriquia Gaz is majority-owned by Akwa Group, the Moroccan conglomerate linked to the Akhannouch family, with the remainder held by public shareholders.
What does Afriquia Gaz do?
It imports, bottles and distributes butane and propane LPG gas for household and industrial use across Morocco.
Who runs Afriquia Gaz?
Abdelhakim Amine serves as Directeur Général Délégué (Deputy Managing Director), overseeing day-to-day operations.
Where is Afriquia Gaz based?
Casablanca, Morocco.
How much is Afriquia Gaz worth?
African Business’s 2025 Top 250 ranking valued Afriquia Gaz at roughly $1.43 billion market value on revenue of about $885 million.