Education plays a crucial role in driving economic growth by developing human capital, generating job opportunities, and promoting innovation. A well-educated population attracts investment, boosts productivity, and drives national and regional development. In Kenya, education also strengthens social cohesion by promoting understanding and tolerance among diverse communities. Kenya’s education sector supports over 16 million learners and employs nearly 500,000 teachers in close to 90,000 schools, contributing significantly to GDP growth and job creation (World Bank, 2022). Successful family-owned institutions like Makini Schools demonstrate the positive impact of strong governance and generational leadership in education. Education also promotes essential values—patriotism, life skills, health, environmental responsibility, and respect—which are vital for economic and family business sustainability. However, challenges persist, especially in family-owned education businesses. These include lack of succession planning, weak governance structures, and limited external strategic input. Addressing these issues is key for long-term success.
Industry Engagement:
Institute for Family Business (IFFB) collaborates with partners such as the Kenya Private Schools Association to enhance governance, conflict resolution, and strategic planning in the education sector.
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