Proposal would channel Moroccan diaspora funds into businesses in their home regions

The idea is championed by former Moroccan minister Hakima El Haite and Professor Anis H. Bajrektarevic in an analysis published on September 16 by Diplomat Magazine. They propose targeting the Rif, Al Hoceima, Nador and the Southeast in particular.

Remittances from Moroccans living abroad reached 117.7 billion dirhams in 2024, up 2.1% year on year. These sums represent a considerable resource, but helping relatives and investing in a business address different needs.

Morocco already has a mechanism to support diaspora entrepreneurs. The MDM Invest program, managed by Tamwilcom, supports the creation or expansion of businesses with a non-repayable grant equal to 10% of the investment, capped at five million dirhams.

The aid applies to projects worth at least one million dirhams. Applicants must contribute at least 20% of the amount in equity. The grant is paid after the project is completed, and applications are submitted through a bank, Tamwilcom says.

A fund rooted in regions of origin

The proposal published in Diplomat Magazine adds a territorial dimension: pooling diaspora capital to finance industrial and technology businesses in areas of origin. The proposed structure would bring together guarantees from the Moroccan state, multilateral development banks and dedicated financial vehicles.

Local authorities, cooperatives and regional professional associations would take part in decision-making. The authors also want to draw on the expertise of Moroccans living abroad through mentoring and temporary professional placements.

Existing support already covers a wide range of activities: industry, crafts, tourism, health, education, digital technology, energy, and transport and logistics. For Moroccans living abroad who are developing their own projects, MDM Invest can therefore help finance businesses in several sectors, beyond real estate.

The proposed fund would preserve remittances earmarked for healthcare, education and family housing. It would open an additional investment channel, which the authors want to pair with European funding directed straight to businesses in regions of emigration.