2023-07-31 10:49:14
IN AFRICA, THE LEBANESE DO NOT KNOW THE CRISIS (1/3) – “There are only two families in the world: those who have and those who have not. » It is less what Miguel de Cervantes advances in Don Quixote. The possessions of certain native families of the country of the Cedar are considerable, seem to defy crises, increase tenfold over time and, above all, are transmitted from generation to generation.
In the past, the entrepreneurial journey of the Lebanese in Africa was often described as “pariah capitalism”, evolving on the margins of institutions and of the established rules. Business partnerships were often influenced by clan ties, providing privileged opportunities for members of certain religious communities. However, with the evolution of companies and their expansion on a continental scale, this pattern has gradually changed. But what remains intangible is this tradition of family management, where key positions are commonly transmitted from father in fils.
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