Wealth transfer mistakes cost affluent Kenyan families

Failure to set up the right vehicle for wealth transfer and lack of proper documentation to prevent inheritance disputes are emerging as key challenges for affluent families in Kenya. According to Standard Chartered Bank, these mistakes are costing families valuable assets. Speaking during the launch of the Standard Chartered Signature Select Variable Capital Company platform for the Kenyan market, experts stressed the need for enterprises to put in place proper wealth transfer plans while taking advantage of growing investment opportunities outside Kenya. Jimmy Mbogoh has more.