Morocco family businesses crisis: 90% at risk of collapse
Family businesses represent more than 90% of companies in Morocco. Yet their survival is heavily threatened by poorly prepared successions, a direct danger to the stability of the national economy and employment.
The third generation milestone often proves fatal. On a global scale, nearly 85% of these commercial structures disappear before reaching this critical stage. At the national level, the failure of a business transfer goes beyond a simple personal tragedy to become a genuine macroeconomic risk, capable of destabilizing the labor market and breaking entire value chains.
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This major vulnerability stems primarily from a glaring lack of anticipation. The president of the Family Business Institute, Kacem Bennani Smires, observes that questions related to retirement, the founder’s departure, or death remain deeply taboo. This strong reluctance pushes leaders to postpone decisive discussions, frequently forcing heirs to take the helm without any concrete preparation.
To quantify the scale of this challenge, a vast unprecedented survey required two years of research with the support of the International Finance Corporation. The conclusions, unveiled this Thursday in Casablanca, confirm that this private model constitutes the backbone of the country. These entities ensure a crucial strategic mission by guaranteeing the sustainability of local investments and the continuous production of wealth.
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Faced with the urgency to act, around fifty families have joined together to structure this decisive sector. As Lamia Tazi, a member of the organization, indicated to Al3omk media, the priority is to establish strict governance rules. Only rigorous succession planning will ensure a smooth transition, avoid power struggles between beneficiaries, and sustain this economic engine.
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