East Africa Webinar: Supporting Family Businesses to Navigate these Challenging Times – a Regional and International Perspective
Tuesday 23 February 2021
11.00 am - 12.30 pm
Location: Online Webinar
Jersey Finance, Grant Thornton and CMS Daly Inamdar Advocates hosted an East Africa webinar on Tuesday 23 February, entitled ‘Supporting Family Businesses to Navigate these Challenging Times – a Regional and International Perspective’.
Led by Faizal Bhana, Director for Middle East, Africa and India at Jersey Finance, this event provided an opportunity to hear from some of East Africa’s leading professionals as they discussed some of the key topics, trends and considerations for African families and family businesses in 2021 and beyond.
Faizal is a UK qualified lawyer and for many years has worked and advised, and is a trusted advisor to institutions, corporates and families across the Middle East and Africa. Faizal specialises in banking and finance and has advised both corporates and families including on their international investment and holding structures.
Faizal is responsible for developing the strategy for Jersey Finance’s engagement in Africa, the Middle East and India. He is focussed on his key markets, regularly travelling to all these countries, liaising and working with key stakeholders, including public and private institutions, corporates and families, building long term mutually beneficial relationships.
Faizal graduated with a first class in his undergraduate Law (LLB) Honours degree and a distinction in his postgraduate (MSc) degree in Islamic Banking and Finance, both from top tier UK based universities.
Having successfully mentored for HRH Prince Charles’ charities, the Prince’s Trust and Mosiac, over several years, Faizal continues with his passion for mentoring young, dynamic and promising entrepreneurs globally. Faizal currently mentors MBA students from the prestigious and the world’s leading business school, the Saïd Business School at Oxford University.
Kamal Shah Managing Partner, Grant Thornton
Kamal is the Managing Partner at Grant Thornton Kenya. He joined the firm in 1988 when the firm was known as Vipul Shah & Co. as a Tax Senior. He rose through the ranks and became Managing Partner of the firm in 1997. Kamal looks after overall management and operation of the firm and is responsible for Advisory services specific to family-run businesses. He is also involved in setting the policies and long term strategies for the organisation. Kamal acts as Grant Thornton’s East Africa hub leader bringing together firms in Kenya, Uganda and Ethiopia as well as correspondent firms in Tanzania, Rwanda, Burundi, South Sudan and Somalia. He drives the growth of our business in this region through collaboration and value addition in shared resources. Kamal has a passion for people development and is at the forefront of creating the environment our people need to succeed. He is directly involved in bringing up new leaders within the firm through coaching and mentoring.
Haanee Khan Partner, CMS Daly Inamdar Advocates
Haanee is a Partner in the Corporate & Commercial Department at CMS Daly & Inamdar Kenya. Haanee’s primary area of practice is Corporate & Commercial law and a niche focus in the Aviation industry. He has substantial experience in both Corporate M&A transactions and Aviation Finance & Regulatory work. In his capacity as a Corporate lawyer, he has been involved in a range of private equity matters, mergers and acquisitions cutting across a range of specialist sectors including healthcare, communications, aviation and banking.
Jonathan Sprigg Head of Fiduciary Services, Standard Bank International
Jonathan Sprigg is Head of Standard Bank’s international corporate and fiduciary services business located in Jersey and Mauritius. Jonathan has worked in the industry for 24 years in Jersey, Isle of Man, London and Mauritius travelling extensively across Africa during his career assisting private families, corporates and institutions to establish structuring solutions.
Amaechi Nsofor Partner, Grant Thornton
Amaechi heads up the firm's UK based Africa Business Group. He has over 15 years' experience providing both contentious and non contentious financial advisory services across the UK and Africa. As a Partner in Europe's largest team providing specialist asset recovery, insolvency, restructuring and special situations workout services to clients across multiple jurisdictions, Amaechi has a unique platform to deploy the right people to support clients in Africa. Amaechi has pioneered the use of insolvency powers to facilitate litigation, trace and recover misappropriated assets for the benefit of creditors. His team is routinely appointed by government and other regulatory agencies to investigate, identify and ultimately recover misappropriated assets. Amaechi is at the forefront of the drive to share best practice and develop insolvency and asset recovery techniques in Africa.
Michael Chomba Director – Advisory, Grant Thornton
Michael is Director & Head - Project & Corporate Finance Advisory at Grant Thornton Consulting Limited, Kenya. In addition to his Advisory role, Michael acts as the firm wide Champion for the Markets Strategic Pillar anchored on Grant Thornton Global Strategy. He holds a Bachelor of Arts degree in Economics from the University of Nairobi & Certified Public Accountant (Kenya) professional qualifications. He is a member of the Institute of Certified Investments and Financial Analysts (ICIFA) Kenya. Michael has over sixteen years’ financial advisory experience, mostly undertaking capital raisings, mergers & acquisitions, and transaction advisory assignments in Middle East and Africa region. His skills set comprise deal origination, commercial analysis, transaction structuring, financial modelling, undertaking business valuations, drafting information memorandum, feasibility studies and business plan reviews mandates across various sectors such as energy, housing amongst others.
Amit Patel Chief Executive Officer, Ramco Group Limited
Instrumental in driving growth and increasing the market share for Ramco Group companies by new investments in expansion of the business offering, new mergers and acquisitions, or searching for new local and international markets and strategic business partners. Spearheaded the formulation of Ramco Group Vision and ensures that all companies are aligned to the Vision. Participates in and oversees high-level operational initiatives, while ensuring financial soundness of the Group companies. Oversees business strategy for each company and ensures its alignment to the business vision.
Parag Shah Partner, Grant Thornton
Parag Shah is a Partner at Grant Thornton Kenya and heads the Advisory team. Parag oversees all transaction and risk services. He is knowledgeable on all things to do with cross border operations, risk management, international tax, transfer pricing and cross border structuring, fund raising and regulatory compliance. He is a growth adviser and business owners look to him to deliver an exceptional client experience in their growth. Parag and his team also conduct training for staff and clients aimed at improving their effectiveness and improving their business resilience. He has substantial experience in advising multinational clients in finance, hospitality, infrastructure, energy, agriculture and trading sectors. Professional qualifications Fellow member of the Association of Chartered Certified Accountants - FCCA Member of the Institute of Certified Public Accountants of Kenya (ICPAK) Kenya - CPA(K)
Dr. Rajnikant C. Vora (DBA) Chairman, Vora Group of Companies (Revital Healthcare (EPZ) Limited and Revital Pharma Limited)
Dr Rajnikant C Vora is Chairman of the Vora Group of Companies (which includes Revital Healthcare (EPZ) Limited and Revital Pharma Limited). Revital Healthcare (EPZ) Limited is a family business with headquarters based in Kenya. They are a manufacturer of medical devices and, over the past 12 years, have grown to become one of the largest internationally certified manufacturers of numerous medical products on the African continent.
Opening and Welcome
- Kamal Shah, Managing Partner, Grant Thornton
Opening and Welcome
- CMS Daly Inamdar Advocates
Opening and Welcome
- Faizal Bhana, Director for Middle East, Africa and India, Jersey Finance
- Moderator – Haanee Khan, Partner, CMS Daly Inamdar Advocates
- Amaechi Nsofor, Partner, Grant Thornton
- Michael Chomba, Director – Advisory, Grant Thornton
- Jonathan Sprigg, Head of Fiduciary Services, Standard Bank International
- Dr. Rajnikant C. Vora (DBA), Chairman, Vora Group of Companies (Revital Healthcare (EPZ) Limited and Revital Pharma Limited)
- Amit Patel, Chief Executive Officer, Ramco Group