SUCCESSION IN FAMILY-OWNED BUSINESS: How Joseline Kateeba staged a friendly boardroom ‘coup’ against her mother at Crest Foam; and the beautiful unfolding story
LEFT-RIGHT: Joseph Kateeba (R.I.P_ an wife, Petua Kateeba founded Crest Foam Limited and built it into a major mattress maker, and have now passed it on to Josephine Kateeba, their daughter to run.
(This story is an adaptation from a conversation Petua Kateeba and Joseline Kateeba had with Akaego Okoye, for her African Business Stories Podcast)
At least 70% of all small businesses that start in Uganda are said to fail in the next 3 to 5 years. There is therefore no prize for guessing that there are not many businesses or playbooks to read from when it comes to managing intergenerational
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