The Mauritanian Competition Council has confirmed receipt of a formal notification regarding Akwa Africa’s intended 100% acquisition of Total Mauritanie, including all shares and voting rights.
Local media reports first revealed this strategic move, which has since been communicated to employees. According to Financial Afrik, the deal aligns with Mauritania’s evolving energy strategy, aimed at securing strong international partnerships. Financial sources estimate the transaction value at approximately $185 million.
This takeover follows a broader trend of foreign investment in Mauritania’s energy sector, as highlighted by the acquisition of TotalEnergies’ Mauritanian subsidiary by the Moroccan group Afriquia, as reported by Le360.ma.
Akwa Africa, a Moroccan-based investment firm, specializes in fuel and lubricant importation, storage, trading, and distribution across Sub-Saharan Africa. The company also handles LPG (liquefied petroleum gas) operations, including import, storage, bottling, and distribution.
Total Mauritanie, a Mauritanian-registered subsidiary of TotalEnergies Marketing Afrique, operates across the full spectrum of downstream petroleum activities within the country.
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