Richard Ngwenya - Insights https://ngwenya.online/insights/ Field notes from the work: essays on infrastructure finance, family-office capital, private equity and transformation in African markets. en Wed, 05 Aug 2026 08:00:00 +0200 The Bankability Gap, Not the Capital Gap: Why SA Infrastructure Finance Stalls https://ngwenya.online/insights/the-bankability-gap.html https://ngwenya.online/insights/the-bankability-gap.html Tue, 04 Aug 2026 08:00:00 +0200 richard.ngwenya@niselacapital.com (Richard Ngwenya) Infrastructure Finance South Africa does not have a capital gap. It has a bankability gap - a project-preparation, risk-allocation and structuring problem. On ITPs, credit-guarantee vehicles, Reg 28 and the R440bn transmission test case. The Family Office as Africa's Next Capital Engine https://ngwenya.online/insights/family-office-thesis.html https://ngwenya.online/insights/family-office-thesis.html Wed, 08 Jul 2026 08:00:00 +0200 richard.ngwenya@niselacapital.com (Richard Ngwenya) Family Office Permanent capital, no fund clock, no committee theatre - why the family office is structurally matched to the long arc of African financial infrastructure, and why fintech is the entry point. Private Equity as a Tool for BEE Transformation https://ngwenya.online/insights/private-equity-transformation.html https://ngwenya.online/insights/private-equity-transformation.html Tue, 02 Jun 2026 08:00:00 +0200 richard.ngwenya@niselacapital.com (Richard Ngwenya) BEE and Private Equity Genuine transformation does not happen at the top of the market. It happens in the middle - where empowerment structures are funded to compound, not to flip.