NextGen and Their Role in Family Businesses Explored at Kenya Events

Jersey Finance recently concluded two highly successful thought-leadership events in Mombasa and Nairobi, focussing on the “NextGen and Their Role in the Family Business.” These exclusive events brought together key stakeholders and industry experts to address the critical importance of succession planning and effective governance within family enterprises.

The Mombasa event, co-hosted with CMS Kenya | Daly Inamdar Advocates, underscored the necessity of robust governance and succession plans. Discussions highlighted that such plans, developed with buy-in from all family members and the guidance of experienced advisors, are vital for ensuring smooth transitions and maintaining family harmony through significant life events like retirement or other eventualities.

Following this, the Nairobi event, held in collaboration with ALN Kenya | Anjarwalla & Khanna, further explored the evolving influence of the next generation. A core message from this session emphasized that the next generation are not merely inheritors, but crucial stewards of family wealth and legacy, responsible for preserving and growing it for future generations. This perspective encourages a collective benefit approach, moving beyond self-interest to foster sustained prosperity.

The events provided invaluable insights into navigating the complexities of intergenerational wealth transfer and the pivotal role of the next generation in shaping the future of family businesses. Importantly, these thought-leadership events reinforce Jersey Finance’s commitment to supporting the sustainable success of family businesses and offices by promoting best practices in wealth preservation, succession, and governance. These are all areas that Jersey’s international finance centre offers long-term experience and expertise. Watch our latest video and discover why family offices choose Jersey.

View photos of the events on Flickr.