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    The Wealth Of The Nation Belongs To One Man

    Capital Stories September 3, 2026

    In 1968, at the moment of Eswatini’s independence, King Sobhuza II created a trust by royal charter and called it…

    Eswatini Has Almost No Venture Capital. It Has Something Else Entirely.

    Capital Stories September 2, 2026

    Ask what happens to a promising early-stage business in Eswatini once founder savings run out, and the honest answer is…

    One Fund Nearly Equals Africa’s VC Total. Let That Sink In.

    Capital Stories September 2, 2026

    Africa’s entire venture capital industry — every fund manager who managed to drag a final close over the line in…

    Eswatini’s “Too Concentrated” Banking Sector Is Actually Its Biggest Advantage.

    Capital Stories September 1, 2026

    That’s the fun question. It’s the wrong one for this desk, though. In April, Aubrey Niederhoffer closed a $7.3 million…

    Two Funds, Half A Country’s GDP, And A Fight Over Who Bears the Cost

    Capital Stories September 1, 2026

    In a country of 1.2 million people, two funds hold assets equal to more than half of GDP. The Public…

    A Rural Eswatini Town Just Got Its 13th Bank Branch. The Reason Traces Back to a 2001 Irrigation Loan.

    Capital Stories September 1, 2026

    Until recently, it wasn’t a name that showed up much anywhere — a rural outpost in Eswatini’s Lowveld, in a…

    Egypt’s Real Currency This Week Wasn’t The Pound. It Was Trust.

    Capital Stories August 31, 2026

    Six pieces ran on Egypt between 25 and 27 August. Read individually, they cover very different corners of the market:…

    The Other 98%: A Commodities Trader Makes the Case Against VC-Centrism

    Interviews August 30, 2026

    Ayo Sopitan tells a version of his origin story that most founders would edit out. He didn’t set out to…

    The Accounting of Sacrifice: why goodwill is residual and not the reward

    Insights August 28, 2026

    I was in Aba recently to speak about startup investing when the conversation moved somewhere more consequential. An experienced eye-care…

    The Governance Premium: What Egypt’s Best-Funded Startups Bought That Capiter Couldn’t

    Rankings August 27, 2026

    The instinct with a ranking like this is to lead with the order — MNT-Halan first, Swvl second, MaxAB third…

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