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African businesses must move beyond founder dependence — Patience Olusuyi

African businesses must move beyond founder dependence — Patience Olusuyi

By Favour Ulebor, Abuja

Convener of Convergence Africa, Patience Oluwatoyin Olusuyi, has urged African entrepreneurs and business leaders to move beyond short term profits and focus on building institutions that can survive for generations.

Olusuyi made the call during The Convergence Africa 2026 powered by the CEOs Portal, themed, “Transgenerational Connection: Architecting Generational Capital Across Industries,” on Thursday in Abuja.

She said Africa is witnessing a rise in ambitious founders, fast growing businesses and increasing innovation across sectors.

However, she warned that many enterprises are still built around the personality and strength of founders instead of reliable systems and structures.

According to her, many businesses are succeeding in the present but are not properly designed to endure into the future. She noted that profitability, growth and visibility alone do not guarantee sustainability.

The convener said the summit was created to encourage business leaders to build enterprises that can preserve and transfer wealth, opportunities and influence across generations.

She stressed that Africa does not lack ambition but lacks structures that can sustain long term growth and continuity.

Olusuyi said the theme of the summit was a call for responsibility and intentional leadership. She explained that legacy is not accidental but must be deliberately designed and structured.

She also stressed the need for stronger collaboration among industries, noting that no single sector can build generational capital alone.

According to her, sectors such as law, finance, technology, real estate and fashion must work together to create sustainable systems capable of supporting future generations.

She said The Convergence Africa was established to help business leaders build alliances, share frameworks and address issues surrounding governance, capital, partnerships, scale and succession.

Olusuyi further encouraged participants to use the summit as an opportunity to make meaningful connections and decisions that would shape the future of their businesses.

She said: “Too many of our enterprises are still built on personality, not structure.

“Too many are dependent on the energy and soul of a single founder, rather than the reliability of a system.

“Too many are designed to succeed in the present but not to endure into the future.

“We must move from isolation to collaboration. From ambition to alignment, From short-term wins to long-term domination.”

Keynote Speaker, Niyi Adesanya, said discussions around transgenerational wealth and sustainability are important for Nigeria and Africa at a time when business trends and economic realities are changing rapidly.

He noted that readiness for growth and transformation is a continuous process, adding that businesses and institutions must keep adapting to new realities and emerging opportunities.

Adesanya also encouraged entrepreneurs not to delay action while waiting for perfect conditions, stressing that progress often begins before full preparedness is achieved.

Also speaking, FCT Federal High Court Judge, Mabel Segun Bello, said collaboration across industries has become necessary for business growth and sustainability.

She explained that the global business environment is moving away from industry isolation toward integration and cooperation among sectors.

According to her, technology is now working closely with sectors such as medicine and law, creating new areas like telemedicine and technology law.

She added that integration has become one of the major drivers of organizational sustainability and enterprise expansion in today’s economy.