Framework6 min read
The Case for a Management Capital Index
African SMEs need a better diagnostic language between founder potential and financing decisions.
Field Notes
Reflections from the research
Short, evolving notes on what the evidence and the ecosystem keep pointing to: that management capital, not capital alone, may decide whether African SMEs grow.
Perspective5 min read
What Banks See That Founders Miss
Lenders are not only assessing ambition. They are assessing evidence, discipline, and repayment logic.
Framing4 min read
Funding Readiness vs Growth Readiness
A business can look fundable on paper and still be operationally unprepared for growth.
Diagnosis5 min read
Why Some SMEs Cannot Absorb Capital
Funding can expose weak systems as much as it can unlock growth.
Framing4 min read
Money Is Not Enough
The SME finance conversation often starts with capital. But capital is only useful when a business has the systems to absorb it.