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Removed Twice by the Same Regulator

Trajectories — Portrait No. 7 A tenure cap moves a person. It does not necessarily move power. On 21 August, Nigeria’s twelve-year limit on non-executive directors ends Tony Elumelu’s chairmanship...
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Two Funds for Eleven Countries: The Arithmetic of Central Africa’s Missing Film Industry

A Franco-Congolese actress trained in Paris, directed by France’s leading stage and screen names, has worked for a Central African production exactly once — on a self-financed film whose technical...
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Where the Rules Get Written

Trajectories — Portrait No. 6 Every Cameroonian exporter who negotiates a letter of credit, writes “FOB Douala” into a contract, or signs an arbitration clause is applying rules drafted by...
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Three Years of Web Design

Trajectories — Portrait No. 5 Africa’s largest technology exit is usually reported as $682m. The figure adds a payment that was made to one that may never be, and excludes...
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The Man Who Bought Gatwick

Trajectories — Portrait No. 4 Infrastructure is a rent asset. Airports, ports and power grids earn their returns from the absence of a substitute, not from competitive advantage — which...
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The Financier Who Chose the Factory

Trajectories — Portrait No. 3 Central African economies pay better for trading than for making. Importing a container requires working capital and a licence; building the factory requires energy, a...
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The $6.4bn Bet That Came Undone

Trajectories — Portrait No. 2 Ursula Burns took over a company whose product was being erased by the internet, and spent $6.4bn — the largest acquisition in Xerox’s history —...
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Suing for a Dial Tone

Trajectories — Portrait No. 1 Strive Masiyiwa spent five years and most of his money in court, arguing that Zimbabwe’s telephone monopoly was an assault on free speech. He won,...
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Narrative Doesn’t Fund Anything Any More: What LPs Actually Want from African Managers

The money hasn’t left Africa. It has simply become much harder to convince. Institutional investors are no longer asking whether the continent holds promise; they want to know how that...
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Twenty-four markets, one integration: Tola Mobile’s bet on African payments

A payments stack that clears transactions in Lagos will not necessarily clear them in Nairobi. What performs in Accra can stall in Kampala. That fragmentation is the wall most companies...
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The Slowest Asset Class

Africa’s capital markets have become more selective, not smaller — and selectivity puts the pressure on execution rather than on money. Oxford Saïd arrives at AFSIC 2026 as a headline...
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Beyond the Pitch Deck: What Investor Readiness Actually Means

Ask a hundred founders whether they are investor ready and ninety will show you a deck. Fifteen slides, a chart bending up and to the right, a market size with...
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Congo Rising: How the DRC Is Turning Vision into Results

From IMF-endorsed growth to world-class infrastructure and landmark peace-and-prosperity accords, the Democratic Republic of Congo is sending investors, travelers and the international community one clear message: the country is open,...
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The $88.6 Billion Sentence: What Gabon’s President Said on a Dusty Border Road — and Why All of Africa Should Listen

Every year, more money leaves Africa illicitly than the continent receives in development aid and foreign investment combined. That money has a face: it is the hospital that was never...
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