Family money.

Family money is who’s money? The father, the mother, the children? Who controls the assets? image

In Kenya, it’s common that the one who brings in the bread is the head. Be it the man,woman or child. But then there is a problem. When the one who brings in the money suddenly becomes unavailable, everything turns to a stand still.

And therein lies the problem. There is no empowerment of family members to bring in their own money. The best community in Kenya that has developed firm empowerment of mainly the children is the Hindu community.

A good example is Chandaria Industries whereby the father made his son the Director of Chandaria who is only in his early 30’s. Granted it was to give way for his father’s work in charity but it is still empowerment that ensures prosperity of the family and the empire that was primarily built by the parents.

This type of family empowerment is fairly absent in the African community. We always hear cases of a prominent businessman who has passed on and suddenly people show up from every nook and cranny claiming relationship with the deceased mogul and wanting a piece of his or her empire.

This causes lack of continuity. The empire withers and dies due to lack of empowerment. This state is mainly propagated by the empire creator who always sees himself or herself as one of kind and no one can fill his shoes.

So he or she makes no effort to create a clear lineage for which to follow once he’s gone. Its like they think they are immortal and will forever live to control their estates. But father time always catches up with them. And when they are no more, their legacy goes with them.

We need to ensure empowerment in our families and create proper lineage. Otherwise all that we create will only live as we live. Only last our age of death. And go to the dirt as we go to the dirt.

Its a sad state of our current Kenyan economy, one that we need to change, for the good of tomorrow and hundreds of years from now.

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