NAIROBI, Kenya, Mar 21 – EY Kenya and DTOS Group hosted a breakfast forum focusing on the theme of ‘Family Business, Enhancing Value and Transitioning the Next-Gen’.
The discussion addressed challenges faced by family business owners in formulating retirement strategies, succession planning, and preserving wealth across generations.
Panelists, including experts from EY, DTOS Group, and other organizations, tackled topics such as legal considerations, tax planning, and governance frameworks.
“This forum has indeed been a great opportunity to hear from a panel of experts addressing the legal challenges faced by family businesses, including structures, tax planning, and succession planning,” stated Vaneeta Bickoo Brelu-Brelu, Business Development Manager at DTOS Group.
“The ability to preserve the family legacy will simply reinforce the crucial role that family businesses play in the African economy.”
The event emphasized the importance of professional advisory, mentorship, and structured wealth transfer plans in ensuring the seamless transition of legacy and wealth to the next generation, thereby fostering prosperity for family businesses in Africa.
“Family businesses in Africa hold the key to unlocking a future of prosperity across our continent. By bridging the gap between current and Next-Gen with open communication, professional guidance, and structured wealth transfer plans, family businesses can ensure a seamless transition of both legacy and wealth to Next-Gen, propelling their family businesses to even greater heights on the dynamic global stage.” Said Frank Mwiti, Eastern Africa Markets Leader and Managing Partner at EY.
