First Independent Mena Newspaper
Morocco’s competition council approved the acquisition by Morocco’s Akwa Africa, a subsidiary of Akwa group, of Total Energies fuel distribution subsidiary in Mauritania. The council did not offer details on the transaction but earlier in November, Financial Afrik said it would amount to 185 million dollars. Akwa Africa was established to help the group expand […]
US energy giant Chevron signed a deal with Morocco’s Akwa Group to make the Kingdom its lubricants manufacturing and exporting hub to Africa. An agreement was signed in that regard between Chevron and Akwa Group, bringing the share of Chevron from 25% to 50% of Akwa Group subsidiary Afriquia Lubrifiants. Under this deal, Chevron will […]