Forbes.com has produced a list of 10 successful African family businesses.

Forbes Leading FamilyAccording to Forbes, “Family businesses control a significant portion of Africa’s economy. While family businesses are quite common across the continent, only a handful of them enjoy longevity. The survival rate of most African family businesses beyond the founder’s generation is extremely low.”

According to Forbes, the companies listed have annual revenues of $50 million or more with share capital controlled by the family members is in at least its second generation and the family controls at least 30% of the company’s equity voting rights.

Nigeria’s Dantata and Ibru families are among the 10 businesses that make the list. Read up the full article here

 

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