Salwa Akhannouch among Africa’s top 7 retail billionaires

Salwa Akhannouch among Africa’s top 7 retail billionaires
Tuesday 22 August 2023 - 00:23

Moroccan entrepreneur Salwa Idrissi Akhannouch has been ranked 17th rank on Forbes MENA’s 100 Most Powerful Business Women list, showcasing her stronghold on the retail sector.

Having secured the 14th position in the previous year’s Forbes ranking, Idrissi Akhannouch has consistently demonstrated her impact on the business world.

Her husband, Aziz Akhannouch, holds the 13th rank among Africa’s wealthiest individuals and concurrently serves as the head of Morocco’s government.

The Aksal Group, founded in 2004, has flourished under Idrissi Akhannouch’s guidance, providing employment opportunities for over a thousand individuals.

As the exclusive franchisee for 45 internationally renowned brands such as Gucci, Fendi, and Zara, the company has significantly shaped Morocco’s retail landscape.

Idrissi Akhannouch’s leadership extends to monumental projects like the creation of Morocco Mall in 2011, Africa’s largest mall, and her ongoing involvement in the development of another expansive mall in Marrakech.

Beyond her contributions to retail, Idrissi Akhannouch’s accolades encompass diverse entrepreneurship.

She was acknowledged as “Morocco’s Leading Lady of Luxury Goods” by OZY Magazine in 2017 and gained a place in Forbes Magazine’s “Top 10 Women Behind Middle Eastern Brands” for her creation of the Yan&One beauty brand in 2020.

Her recent recognition with an award for Female Entrepreneurship in Africa at the Africa-Spain Cooperation Summit underscores her commitment to catalyzing economic growth and empowering women.

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