What is a Small to Medium Enterprise in Morocco?
🇲🇦 Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. The definition of what constitutes a small and medium-sized enterprise (SME) in Morocco is not precisely defined.
Small and medium-size enterprises play a hugely important role in the economy. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.
Estimates are that SMEs make up 95% of the economy in Morocco.
How big is the SME Market in Morocco?
The SME Market in Morocco represents a huge opportunity. While SME's are facing multiple challenges due to the different trends affecting the Moroccan economic situation, there are still opportunities for growth, particularly in the sectors of industry, handicrafts, construction, trade and finally services including financial services, with longer term growth for tourism and clean energy sectors.
Foreign direct investment is in the order of $1.5 billion USD. Morocco is ranked 53rd out of 190 economies by the World Bank in its Doing Business 2020 report. Casablanca aims to become an international financial centre.
What help is available for SMEs in Morocco?
The National Agency for the Promotion of Small and Medium-sized Enterprises (ANPME) or MOROCCO SMEs is at the heart of the system for supporting Moroccan companies and represents the main operational instrument of public authorities for development of SMEs.
Thanks to the wide range of products it has developed and improved since its creation in 2002, ANPME assists entrepreneurs and the different support organisations in their competitive modernisation process. "Entrepreneurship, Growth, Competitiveness".
For more details contact: Henry Clarke Kisembo
Better businesses mean better, more successful communities