Only 15% of Moroccan Businesses Led by Women: Challenges & Growth Opportunities
Moroccan Women in Business: A Landscape of Challenges and Opportunities
Only 15% of businesses in Morocco are led by women. This statistic, which has remained stagnant since 2020, highlights the persistent hurdles women face in the entrepreneurial landscape while simultaneously underscoring the immense potential for growth and empowerment. This article explores the current situation, the challenges, and the promising opportunities for women entrepreneurs in Morocco.
Amal Idrissi, Executive Director of the Moroccan Observatory for Very Small, Small, and Medium Enterprises (OMVSME), revealed this figure during a press conference in Casablanca. The conference, held to present the Observatory’s 2022-2023 report, shed light on the realities faced by women seeking to establish and grow businesses in the country. While the raw number of women-owned businesses may have increased alongside overall business growth, the percentage remains stubbornly low, indicating systemic challenges that need to be addressed.
The Hurdles on the Path to Entrepreneurship
Several factors contribute to the underrepresentation of women in Moroccan businesses. Access to finance remains a significant obstacle. Women often lack the collateral required by traditional lending institutions, and specialized financing options for women-owned businesses are still limited. This echoes a global trend, with the World Bank estimating that women-owned SMEs face a $1.5 trillion financing gap worldwide. This lack of capital restricts business expansion and innovation.
Cultural expectations and societal norms also play a role. Traditional gender roles can limit women’s access to education, networks, and mentorship opportunities, all crucial for entrepreneurial success. Furthermore, balancing business responsibilities with family obligations can be particularly challenging for women, requiring greater support systems and flexible working arrangements.
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