gaziantep escort,escort bayan,beylikdüzü escort,
alanya escort,gaziantep escort
First of all, what is estate planning? Estate planning encompasses determining how your assets Will be preserved, managed, and distributed after your death or if you become incapacitated. Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next. What Does Estate Planning Involve? In East Africa estate planning is most often done through making Wills and /or setting up a Trust(s). A Will is a written legal document detailing, amongst others, a testator’s wishes of what should happen after his/her death, listing the assets they own, and how they…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Unlike many of his contemporaries who have since passed on, and their business empires quickly followed them to the grave, Mulwana Group has not only survived but has grown and is thriving. His family is not fighting. There are no court battles over properties and inheritance, but rather, his children, Geoffrey Mulwana, Barbara Mulwana and Primrose Mulwana, have united behind their mother, who has since become the Group Chairman, to run the family business. Geoffrey is the Chief Executive Director of Jesa Farm Dairy. He also runs Uganda Batteries Limited. Barbara is the Executive Director of Nice House of Plastics-…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Most family-run businesses in East Africa have not prioritized research in order to assist them in recovering from the economic challenges brought about by the Covid-19, a recent survey by PricewaterhouseCoopers (PwC) has revealed. The survey indicates that just 12% of the region’s sampled family-owned firms have prioritized investment in innovation or research. The study, which sampled 95 family-run firms, was done between October 2022 and January 2023 covers Uganda, Kenya, Tanzania, Rwanda and Ethiopia. Apart from inadequate innovation and research, the survey indicates that family-owned firms are not fully embracing the ongoing trend of corporate digitalization in the area,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
SOURCE OF WEALTH: Manufacturing (plastics & packaging) and real estate. ESTIMATED WEALTH: UGX120+ billion Except for being a member of Kwagalana Group, an association of self-made billionaires in Kampala, Hajj Badru Muwanga is largely a media-shy and quiet businessman. But behind the ‘firewall’ is a thriving businessman and entrepreneur- who among others, owns the sprawling Ntinda Shopping Complex and his flagship Luuka Plastics Limited. Luuka Plastics Limited is one of Uganda’s largest manufacturers of packaging materials and plastics both for domestic, agricultural, industrial and several other uses. Chances are that if you live anywhere in East Africa, you have used…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Family business owners have a keen interest in sustaining the business as a family asset and as a legacy, according to PwC’s 2020 East Africa Family Business Survey. Estate planning is an important component for family business owners and their families to consider since it speaks directly to how certain assets will be preserved, managed or distributed. As part of an overall succession plan, estate planning clarifies how these assets will be passed on to the next generation or otherwise distributed. For their East Africa Family Business Survey Report 2021, PwC, spoke to Sim Katende, an Advocate of the High…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
(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 succession in family-owned businesses. As such for Petua Kateeba, the matriarchal head of Crest Foam Limited, a family-owned manufacturer of mattresses in Uganda, there was no rule book to read from…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
beylikdüzü escort
beylikdüzü escort
