DAR ES SALAAM, Feb. 27 -- ALN Tanzania, a legal and business advisory firm, has called on Tanzanian family businesses to move beyond the informal structures that may have benefitted them in their early years, and to embrace structured governance models.

This will enable them to safeguard generational wealth and ensure their continued prosperity, and to attract external investment.

The call was made during the final instalment of the Family Business Resilience & Growth Knowledge Series, hosted in collaboration with the International Finance Corporation (IFC) in Dar es Salaam this week. The tripartite series explored family governance foundations, board structures, and family constitutions in earlier sessions, culminating in this final di...