2023-08-02 22:31:07
While economic growth is around 3.5%, the number of business failures increased by 18% during the first half of 2023, according to the quarterly barometer established by the Moroccan specialist in legal and financial information, Inforisk.
Thus the number of structures caught between the need for investment, over-indebtedness and falling customer revenue, reached 2,833 during the past months of 2023, an increase of 6% compared to the same period of 2022. A bitter observation which is causing concern among specialists. Who were delighted with the 40,000 companies created during the first five months of 2023. These same observers point out that companies are failing because of their inability to maintain their gross margin in national and international competition in a context of intense competition.
The loss ratio mainly affects very small companies (approximately 98.8%) and very few SMEs (1.1%) or large companies (0.1%). This is explained, according to specialists, by the inability or insufficient interest of these structures to incorporate a required level of new technologies in their productions. Question to meet the new demands of the market.
The critical situation, in particular of very small enterprises (VSEs) is the result of several factors linked mainly to the difficulties of access to financing, according to Abdellah El Fergui, president of the Moroccan Confederation of VSEs-SMEs. Which emphasizes that the supply of bank financing for VSEs represents 1% of the overall supply.
Added to this is the problem of land. “VSEs do not have as much access to them since they cannot find any, knowing that not all industrial zones have lots suitable for small businesses”, explains El Fergui, who calls for the need to generalize the programs of accompaniment on all entrepreneurial projects.
According to Inforisk, the sectors particularly affected are trade (33%), followed by real estate (20%) and construction (15%), knowing that these same sectors are showing a level of positive dynamism in terms of the creation new businesses of all sizes.
Moreover, this trend will not stop there. It should continue in 2023 with a 20% increase in companies affected by claims, to reach 15,000 failures, against 12,397 in 2022. Hence the need to accelerate the “Ana Moukawil” program, to enable entrepreneurs to recover from the current crisis.
It should be noted that a company goes into default when its assets can no longer cover its liabilities. That said, the company can no longer honor its financial obligations to its suppliers, credit institutions and employees.
Nearly 40,000 companies, including a significant number of Very Small Enterprises (VSEs) have emerged in the first five months of this year, according to the Moroccan Office for Industrial and Commercial Property (OMPIC). And yet, others are in a difficult situation, particularly VSEs. This is why the government launched the “Ana Moukawil” program for the benefit of 100,000 small entrepreneurs.
This program requires a budget envelope of 3 billion dirhams over the period 2023-2026. It offers a range of services aimed at boosting entrepreneurship, including rent subsidies, management or training checks, advice checks, in addition to employment assistance.
VSEs whose turnover varies between 1 million and 10 million dirhams, will benefit from technical support for the development of the company from its creation to the different phases of its growth, with a ceiling of 100,000 dirhams and an average of 20,000 dirhams for each small business.
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