PwC report: Family businesses improve moderately in 2018

PricewaterhouseCoopers advisory partner Muniu Thoithi with Head of Regulatory, Compliance and Advisory, Joseph Githaiga at a past press conference. [Photo: Courtesy]

PricewaterhouseCoopers (PwC) on Thursday released a report indicating that family businesses grew at slower pace in the year 2018.

According to the study, family businesses in 2018, grew slightly by 74 percent compared to the global standard of 89 percent.