A family business is typically characterised by its majority ownership and management by a single family. These businesses are often handed down through generations, embodying family control, management, and inheritance.

In essence, family members not only own the majority of the capital but also make strategic decisions and oversee daily operations, with the business transitioning from one generation to the next within the family. Family businesses constitute a substantial portion of the private sector, playing a vital role in job creation, economic diversification, and local development.

In the context of the Democratic Republic of Congo (DRC), what is the current state of family businesses? Are there notable success or failure stories at the national level, and what factors influence these outcomes? What industries do these businesses typically engage in?

To address these questions, Target Sarl conducted a comprehensive study across the 26 provincial capitals of the DRC. This research integrated qualitative, quantitative, and documentary methodologies.

The documentary phase, conducted from August 12 to 14, 2024, involved identifying business models through directories, employer organisation records, and chamber of commerce data, as well as communications and websites. The qualitative phase will include in-depth interviews with family business owners and key figures from employer organisations.

The quantitative phase will feature an online survey aimed at collecting valuable data and insights from various family businesses, highlighting factors of success and failure among prominent companies in the country.

This study's findings will be showcased at MAKUTANO 10, an annual forum that attracts economic leaders from the DRC and across Africa.

From October 29 to 31, Kinshasa will host heads of state, ministers, African and international investors, media representatives, and influential figures to celebrate the 10th anniversary of the Makutano network. The event will centre around the theme ‘THE NEW DEAL,’ symbolising a fresh perspective on business dynamics for both the African continent and the global community.