The Institut des Entreprises Familiales du Maroc (IEF-Maroc) and the International Finance Corporation (IFC) have jointly released a report detailing key figures on family businesses in Morocco. The study, based on a survey of over 200 family-owned companies, provides insights into their structure, governance, and contribution to the national economy.
According to the report, family businesses represent approximately 70% of all private sector companies in Morocco and contribute to around 60% of the country's GDP. The average age of these businesses is 25 years, with many being in their second or third generation of leadership. The survey also found that only 30% have a formal succession plan in place.
The report highlights challenges such as governance, professionalization, and access to finance. IEF-Maroc and IFC recommend strengthening family governance frameworks and promoting digital transformation to ensure long-term sustainability. The full report is available on the IEF-Maroc website.
