African Capital
Capital structures, term sheets, and the operator-investor lens, written from inside African markets.
Mastering the Pivot: How African Founders Stay Ahead in Unstable Economies
Pivoting in an unstable African economy is not a sign of failure but a discipline of survival. Internal pivots strengthen the venture's spine; external pivots align it with the market. Most founders run only one and wonder why the other does not move.
The Conversation No Founder Wants to Have With Their Cap Table
When dilution becomes a moral question, not just a math problem. Most founders treat the cap table as a financial document. It is also a record of who they trusted at what moment, and the moments do not always age well.
Beyond Independence: The Founder’s Stake in Zimbabwe’s Unfinished Project
Independence gave Zimbabweans a country. Building it is unfinished work, and founders carry a particular share of that responsibility. A piece for the operators who refuse to write the country off.