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#BusinessGovernance Your Children May Not Want Your Business: Kasekende on the Succession Trap A founder may spend decades building a farm, factory or trading company, assuming the children will naturally take over. Herman Kasekende warns that this expectation is not always shared by the next generation. In his interview, he described children who had received a good education but had little interest in continuing their parents’ enterprise. He recalled the blunt sentiment: “I’m not interested in farming.” For Kasekende, succession must begin with exposure and interest, not a last-minute instruction. Young people need opportunities to learn the business and decide whether they want to make it their career. Founders must also be prepared for the possibility that the best successor is a professional manager. He contrasted this with businesses he observed in Tanzania where children returned from studies abroad and, having been prepared and empowered, helped take family enterprises to another level. Ownership can pass through inheritance. Commitment, competence and the capacity to lead cannot simply be assumed. QUESTION: Should children feel obliged to continue their parents’ businesses, or should founders plan for successors outside the family? Watch this and more in the full Herman Kasekende interview here: youtu.be/d4KqJfhkcHE?si=G-Lq… #CEOEastAfricaMagazine #EastAfricaBusinessNews #HermanKasekende #Leadership #BusinessGovernance