Succession Planning Archives

SUCCESSION PLANNING IN FAMILY-OWNED BUSINESSES: A Legal Expert View On Effective Estate Planning

by Sim KatendeNews & Analysis Thought LeadershipApril 1, 2024April 1, 2024

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…

Start estate planning now or risk losing legacy and or the business altogether⏤ experts advise family-owned businesses

by Muhereza KyamuteteraNews & Analysis The Big StoryApril 1, 2024April 1, 2024

To ensure business stability and continuity in the event of the death of the founder as well as preserve intergenerational wealth, business owners/founders have been urged to prioritise estate planning….

Experts share best practices on governance and succession planning at I&M Burbidge Capital symposium

by Muhereza KyamuteteraCompany News Industry & Analysis News & AnalysisJune 22, 2023June 22, 2023

I&M Burbidge Capital, in collaboration with I&M Bank Uganda, International Finance Corporation (IFC), PKF East Africa and S&L Advocates, organised a groundbreaking symposium aimed at highlighting the importance of robust…

Estate Planning, Preserving And Transferring Family Businesses To The Next Generation, In An Orderly Manner: Q&A With Sim Katende, Partner, Katende, Ssempebwa & Company Advocates

by Muhereza KyamuteteraCommercial Justice Industry & Analysis Law Firms (A - Z)Thought Leadership Top Law FirmsNovember 8, 2022April 1, 2024

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…

SUCCESSION IN FAMILY-OWNED BUSINESS: How Joseline Kateeba staged a friendly boardroom ‘coup’ against her mother at Crest Foam; and the beautiful unfolding story

by David KangyeBillionaires Industry & Analysis Profiles The Big Story Women Fixing Uganda Women in Business Women In LeadershipJune 30, 2022July 1, 2023

(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…

EXCLUSIVE INTERVIEW: Billionaire Dr. Sudhir Ruparelia, talks about semi-retirement and succession planning as Rajiv, his heir-apparent turns 30 years

by Muhereza KyamuteteraCEOs The Big Story Thought LeadershipJanuary 3, 2020January 3, 2020

Rajiv Ruparelia, the Ruparelia Group Managing Director and heir apparent to the Ruparelia Group empire of over 28 businesses, turned 30 years. At 30 years, he is probably the youngest CEO of a business empire that is now in excess of USD 1 billion (UGX3.7 trillion). In this exclusive, candid interview, billionaire Dr Sudhir Ruparelia, the group’s founder and Chairman, spoke to CEO EA Magazine’s Executive Editor, Muhereza Kyamutetera about his slow but sure road to retirement and why he chose Rajiv to take over from him. Dr Sudhir, speaking from a skiing resort in Aspen, Colorado, in the United States of America, where the family is on a skiing holiday to celebrate Rajiv’s birthday, also gives tips on how to manage intergenerational succession in family businesses.