Perspectives on business rescue, bankability, infrastructure finance, corporate restructuring, and strategic futures.
Every NPV calculation depends on a discount rate. The rate a sponsor picks is often the single most consequential assumption in a bankability workbook. Where the rate comes from, why textbook WACC often fails in African markets, and how to build a defensible rate.
A DSCR below 1 means the business is not generating enough cash to service its debt in that period. What the Turnaround Check does next when this signal appears, and what the business owner should do in the following week.
Generic megatrend lists apply to every organisation and change none. This piece walks through the megatrends most material to African infrastructure planners in the 2026 to 2030 window, with the implications each one carries for capital allocation.
Post-commencement finance ranks ahead of most pre-commencement claims. It does not rank ahead of everything. The misconceptions about the priority stack are where creditors get surprised, and where plans lose votes they should have won.
The most expensive infrastructure projects in African and international markets over the past two decades are the ones that raised money and then failed. A pattern-recognition piece on the failure modes and how to detect them before they close.
Boards facing a distressed situation often reach for the section 129 filing before they have a defensible view on the reasonable-prospect test. The independent business review is what produces that view, and skipping it produces filings that fail.
Two structural choices dominate the design of large infrastructure transactions in African markets, and each has its own risk-transfer logic. When to structure as a public-private partnership, when to structure as a straight off-take, and when the choice is not a choice.
A distressed sale is a different transaction from a normal M&A. The buyer's psychology, the due diligence compression, and the value drivers all shift. What buyers look for, and what sellers can do to command better terms.
Post-commencement finance keeps rescues alive. Section 135 makes it possible; it does not make it automatic. When a company can attract PCF, when it cannot, and what structures actually work in African markets.
A companion piece to the m2 cluster on financeability. Where m2 explains the concept, m1 walks through what the financeability discipline means for infrastructure sponsors: the fiscal exposure, the equity return, and the concession-life sustainability.