Morocco’s private equity industry demonstrated exceptional performance in 2024, achieving 20.5% average revenue growth across portfolio companies while generating substantial employment increases and contributing significantly to national economic development.
The Moroccan Association of Capital Investors and Fidaroc Grant Thornton analysis revealed 320 companies received cumulative investments totaling MAD 15.7 billion (€1.47 billion), with private equity-backed firms creating 15% more jobs compared to 2023 performance levels.
Information and Communication Technologies sector recorded outstanding 79% revenue growth, reflecting Morocco’s emergence as a regional innovation hub attracting foreign investment in fintech, artificial intelligence, and digital platforms serving North African and European markets.
Healthcare sector experienced substantial 59% revenue increases, attributed to ongoing social protection expansion and growing demand for medical services, laboratories, and healthcare technology solutions across Morocco’s 37 million population.
The comprehensive study analyzing companies financed since 2000 demonstrated private equity’s transformative impact on corporate governance, operational efficiency, and market competitiveness, with EBITDA multiplying by 2.5 between fund inflow and exit periods.
“Private equity acts as a catalyst for sustainable transformation, significantly enhancing the competitiveness of Moroccan companies,” according to AMIC research findings presented to institutional investors and government stakeholders.
Fiscal contributions from private equity-backed companies generated estimated cumulative tax revenue of MAD 3 billion (€317 million) over average six-year holding periods, with 2024 tax payments increasing by MAD 250 million, broadening Morocco’s tax base significantly.
The sector’s role extends beyond financing to include strategic advisory services, team professionalization, process modernization, and governance improvements that prepare Moroccan enterprises for regional expansion and international market entry.
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