A new Africa Family Business Survey by PwC has identified tax reform, succession planning, governance, and sustainability as the key forces shaping the future of family enterprises on the continent. The findings, presented by Esiri Agbeyi, PwC Nigeria Partner and Africa Family Business Leader, were unveiled at the Family Business Summit organised by Business Day.
Agbeyi described the report as a reflection of both the resilience and vulnerabilities of African family-owned firms, noting that economic instability remains their biggest concern despite emerging signs of stability in foreign exchange markets.
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Now in its 12th edition, the biennial survey revealed that leadership succession, access to capital, and talent retention continue to challenge African firms, even as younger generations push for modernisation and older leaders gradually ease their grip on power.
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