PASSING THE TORCH: SUSTAINING SUCCESS IN ETHIOPIAN FAMILY BUSINESSES
The Ethiopian Family Business Forum’s inaugural conference, organized by HST Consulting in partnership with the Addis Ababa Chamber of Commerce and Sectoral Associations, took place in September 2024.
This event brought together leaders from prominent family-owned businesses across Ethiopia to address the unique challenges and opportunities these enterprises face in the country’s evolving economic landscape.
Family-owned businesses are a critical pillar of Ethiopia’s economy, contributing significantly to job creation and economic development. However, they often face critical challenges related to governance, succession planning, and maintaining family unity across generations.
This conference provided insights and strategies through keynote presentations, expert panels, and breakout sessions, offering practical tools and best practices for long-term success.
Centered around the theme “Passing the Torch: Sustaining Success in Ethiopian Family Businesses,” the event explored how family businesses can successfully transition leadership, maintain family unity, and thrive for future generations.
The Conference featured keynote addresses offering perspectives on succession planning in family businesses and governance. Sessions covered topics such as governance, family council, finance and wealth management, family employment, and talent development, equipping business leaders with actionable strategies for succession and sustainability.
A highlight was the release of the Ethiopian Family Business Survey, conducted with 48 Ethiopian family businesses. This survey provided key insights into succession, talent management, strategy, and governance—areas vital to the long-term success of family businesses.
A major milestone of the Conference was the introduction of the Ethiopian Family Business Forum Advisory Council, composed of prominent family business leaders.
The Ethiopian Family Business Forum is dedicated to fostering a supportive community where family businesses can connect, share knowledge, and ensure their success for generations to come.
https://www.hst-et.com/insights/efbf-forum
Tel: +251 115 52 76 66/67
info@hst-et.com
