Robust Governance and Planned Succession are Key for African Family Businesses

Faizal Bhana, Director – Middle East, Africa and India, Jersey Finance 

The pandemic underscored the importance of integrating the next generation, or NextGen, into the family business. Many families experienced tragedies, losing their patriarch or matriarch, propelling their next generation to senior roles, for some reluctantly. Succession planning and governance for families has been back in the spotlight since, highlighting its critical importance for business continuity. 

At the same time, regulatory and political landscapes are becoming increasingly complex and those working to advise…

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