West Africa’s Family-Owned Business Landscape

Entitled ‘West Africa’s Family-Owned Business Landscape’, the report profiles the top 500 family-owned businesses (FOBs) across the ECOWAS region and includes an analysis of the leading regional markets, key themes related to family firms and deep dives into major companies.

Backed by various global strategic partners and contributors, this landmark report constitutes the most comprehensive study of family-owned businesses in the region to date, using a transparent and data-driven methodology to bring the sector’s details to light.

For decades, Jersey has built strong connections supporting African entrepreneurs, family businesses and corporates. With extensive industry knowledge in wealth management and financial structuring, the Island is regarded as one of the most developed and well-regulated international finance centres (IFCs) in the world.

As a leading IFC, we understand the sophisticated needs of family businesses and can provide support with strengthening governance, structures and succession planning, as well as capital raising.

Jersey’s forward-thinking approach, comprehensive legal and regulatory framework, and its ability to offer certainty, stability and substance have given it the international pedigree to appeal to family businesses and entrepreneurs across Africa, helping them to grow and protect their wealth.

Commenting on the launch of the report, Faizal Bhana, Director – Middle East, Africa and India, Jersey Finance, said:

“We’re delighted to have supported this ground-breaking inaugural report from Asoko Insight and Business Day. Family-owned businesses (FOBs) play a vital role in African economies – not only forming some of the continent’s largest businesses, but also providing a foundation for employment and economic growth.

“Profiling the top 500 FOBs across the ECOWAS region, this report provides the necessary data, insights and analysis to identify trends and opportunities within the FOBs sector, while supporting informed decision-making across the financial services industry. As we emerge from the global COVID-19 crisis, FOBs will continue to play a vital role in reenergising and reinvigorating economies across the continent and the globe. Jersey is very pleased to help highlight this very important contributor to the African economy.”

You can view the full report from Asoko Insight here: West Africa’s Family-Owned Business Landscape.

To find out more about Jersey’s political, commercial and cultural connections with Africa, as well as how we can support the continent with both inbound and outbound investment for private and institutional investors, read our Jersey’s Relationship with Africa publication below.

You may also be interested in our 2020 Africa Roundup Interview Series, where some of Africa’s leading advisors and practitioners give their views and insights on the key topics and trends from 2020, while looking ahead at the opportunities presented by the continent.