The Institutional Gap: Why Winners Build What Governments Don't Provide
Across African markets, the institutions that should create certainty like courts, banks, insurance, are too slow, too expensive, or simply absent. That vacuum isn’t a gap in technology but a gap in trust. This issue breaks down why winners build what governments don't provide. Why the real winners aren’t “formalizing the informal economy,” but becoming the institutions people already rely on: the Market Queens regulating $52B in trade, the 200-year-old lending networks with 98% repayment, and the operators who accelerate PMF by digitizing trust, not replacing it.