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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…
Billionaires Lifestyle Puts Nairobi on the Map
Kenyan businessmen Chris Kirubi, Jimmu Wanjigi, SK Macharia
File
Nairobi is home to more than 75 per cent of Kenya’s billionaires and some of their favourite havens include, Kitisuru, Karen, Muthaiga, and Runda.
According to the AfrAsia Bank Africa Wealth Report 2021, Kenyan billionaires prefer living in the city because it is the economic hub of East Africa and one of the fastest-growing in Africa.
The report projects that Kenya and Mauritius are the countries to watch in regards to the growth of wealth management in Africa.
President Uhuru Kenyatta and Steel magnate Narendra Raval at a past event