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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 the International Chamber of Commerce. Those rules are texts, written by people, in rooms, and revised on a schedule. Until June 2026 no African woman...

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 the stake the buyer already held. What actually happened is more instructive than the headline: a Tunisian mathematician came home from a comfortable European career,...

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 is exactly why long-horizon capital wants them, and exactly why a weak regulator turns a partnership into a transfer of pricing power. Adebayo Ogunlesi built...

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 supply chain, trained labour and capital you cannot get back if you are wrong. Célestin Tawamba trained as a financier, spent a decade pricing exactly...

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 — buying a different business to become. Six years later the group was split back in two under pressure from an activist holding roughly 15% of...

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, switched on his network, and then left the country for twenty-six years. The infrastructure group he built from exile is now being tested by the...