Tool V2 · Free
Greenfield Venture Builder
Size the capital requirement, build the stack, sanity-test the covenant and find the break-even — before you commission a feasibility study. African aviation earns roughly $1.3 of net profit per passenger against $7.9 globally; a venture that only works on optimistic assumptions does not work.
Step 1
What are you building?
Each sector carries a different capital shape. Selecting one loads indicative planning ranges you can then override with your own numbers.
Step 2
Capital requirement
Ranges are indicative planning figures, not quotations. Move each slider to your own estimate as soon as you have one — every line defaults to the mid-point.
Split shown below as fixed CAPEX vs working capital — lenders size term debt against the former, not the latter.
Step 3
How it gets funded
Set what you can actually raise. The tool shows the gap rather than silently balancing the stack for you — a funding gap you can see is a funding gap you can close.
Permanent capital injected at financial close.
Strategic or financial investors taking shares.
Junior to senior debt. Only counts as equity for covenant purposes if an intercreditor deed says so.
Development finance, SEZ incentive or public co-funding.
The facility you expect to draw.
Applied to fixed CAPEX. Lenders rarely fund working capital with term debt.
Step 4
Can it carry the debt?
Debt Service Coverage Ratio is the number a credit committee actually decides on. Most African project facilities require 1.20×–1.30×; below 1.00× the venture cannot pay its own debt from operations.
Year 2–3, once the ramp is complete.
Cash operating margin before interest, tax and depreciation.
The minimum DSCR your facility will require.
Sensitivity
| Scenario | Revenue | EBITDA | Debt service | DSCR | Covenant |
|---|
Debt service is a level annual payment (principal + interest) over the term. Real facilities add fees, principal holidays and step-ups — this is a first-pass sanity check, not a bankable model.
Step 5
Break-even
Assumptions and limits
Capital ranges are JK & Associates planning bands built from African greenfield project experience and published sector data; they are deliberately wide because the binding variables — aircraft or device class, lease versus purchase, hangar versus line-only, site and tenure — move the answer by an order of magnitude. Market context figures are drawn from IATA's December 2025 industry outlook for 2026 and AFRAA reporting.
This tool is a planning aid, not investment advice, a valuation, or a substitute for a bankable financial model, and nothing here is an offer or recommendation to invest. Figures are indicative and unaudited. Obtain independent financial, tax and legal advice before committing capital.
A model that survives diligence looks different from this.
This sizes the opportunity. Turning it into something a lender or a development finance institution will underwrite means real device and aircraft pricing, a defensible demand case, and a covenant structure that holds under stress.
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