In today’s wealth management landscape, Affluent and wealthy African families face different sets of challenges as they plan or propose business succession, wealth distribution and transfer.
As the great wealth transfer from Baby boomers and the Silent generation is currently ongoing, it is important to appreciate existing realities of wealthy African families where succession planning and wealth distribution have been almost impossible to achieve as a result (among others) of cultural, traditional and native laws impediments.
In African cultural context, it is argued that Succession planning and wealth distribution is deeply rooted in native traditional values and its social structures. It appears a common reality is that the first male child usually assumes leadership and succeeds the Patriarch or Matriarch, potentially in conflict with business governance, intentional and strategic succession as well as wealth distribution planning.
Further to above, in situations where this conflict arises, there is no progress made as beneficiaries of the Patriarch and Matriarch estates become embroiled in disputes, escalating conflicts and controversies that in essence tarnishes and makes redundant the legacy and wealth of the family.
Our Wealth Webinar 5.0 will x-ray how successful multi-generational wealth planning by wealthy African families can be achieved within contemporary African societies as well as what impact (if any) diversity and inclusion, that is female and rising generation empowerment can play in context of pursuing successful generational wealth for African Families.
Cultural dynamics in wealth planning, succession and transfer for wealthy African Families.
Role of traditional and native laws in succession and wealth transfer.
Family Conflict and conflict management practices
Women: impact of traditional values and social structures of African Cultural groups
The Next (Rising) Generation and Stewardship of wealth.
27 February 2025
Zoom
Founder, Entrepreneur, Strategist, and Business coach, Amplify Coaching
Nkem Mpamah is an entrepreneur, strategist, and business coach who is dedicated to helping entrepreneurs achieve sustainable revenue growth and business excellence.
Through his Amplify Coaching Program, he equips business owners with strategies and financial intelligence to attract high-value clients and double their revenue.
Nkem’s commitment to empowering entrepreneurs involves delivering strategic insights and mentorship to overcome key industry challenges, such as client acquisition, pricing strategies, operational efficiency, and mindset mastery.
A Chartered Accountant and accredited Performance Coach, he holds an MBA from Oxford Brookes Business School and is a member of the UK’s Institute of Enterprise and Entrepreneurs (IoEE). As an Executive Director and National Trainer at BNI, Nkem promotes growth in entrepreneurial communities through strategic networking.
Founder, Family Business Hub | Executive Director, Barbex Africa Projects Ltd.
Mary Asante-Asamoah is a passionate and accomplished leader with over 15 years of experience in the Ghanaian mining industry. As the Executive Director of Barbex Africa Projects Ltd., she thrives on creating meaningful, value-driven supply chain solutions for mining companies and is dedicated to building strong partnerships that drive collaboration in the extractive sector.
Beyond her work in mining, Mary’s heart lies in empowering family-owned businesses. She is the founder of the Family Business Hub and the voice behind the Family Business Diaries podcast, where she shares practical insights and strategies to help family businesses navigate challenges and seize opportunities for growth.
Mary is deeply committed to making a difference in her community and industry. She serves as Vice Chair of the Ghana Chamber of Mines Affilliate Committee, a board member of Ahaspora Professional Network, and an active member of Women in Mining Ghana and the Executive Women’s Network. In 2024, she was proudly recognized as one of the Top 10 Inspirational Women in Mining Ghana, a testament to her advocacy for local content promotion and her support for women leaders in the industry.
Mary’s journey is rooted in a strong academic foundation. She holds an Executive MBA from Lancaster University and earned her Bachelor of Arts in Political Science and Global Studies with honors from Wilfrid Laurier University in Canada. She’s also continuously learning, having completed certifications in Environmental, Social, and Governance (ESG) from The Boardroom Africa, the Owner Director Program from the China Europe International Business School, and various executive programs in leadership, strategy, and quality management.
What truly sets Mary apart is her ability to connect with people and inspire change. Whether she’s guiding a family business to success, advocating for local opportunities in mining, or mentoring women in leadership, Mary leads with authenticity, vision, and a deep commitment to leaving a lasting impact.
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