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The Unit Identification Protocol: Diagnostic Template
How to stress-test existence, repeatability, monetisability, and measurability — before your spreadsheet lies to you
Feb 22
•
Lumi Mustapha
The 45% Mirage
Africa’s venture capital is raising more from domestic investors than ever. The problem is which domestic investors.
Feb 21
•
Lumi Mustapha
4
1
THE PHANTOM UNIT
Your Unit Economics Are Fine. Your Unit Is Wrong.
Feb 14
•
Lumi Mustapha
3
January 2026
The $270M Music IP Market African Banks Are Missing—And How Direct Payment Unlocks It
Why the same catalogue supports 20% more debt through structure alone—and what this reveals about making knowledge economies operational
Jan 31
•
Lumi Mustapha
4
2
1
The Camel Imperative: Why Africa’s Next Winners Won’t Be Unicorns
Real markets are 70-90% smaller than pitch decks claim. The businesses that survive will be the ones that needed the least capital—not the most.
Jan 24
•
Lumi Mustapha
6
1
1
Three Paths Diverge: Venezuela, BRICS, and the Battle for Frontier Market Capital
How elite behavioral equilibrium determines whether African markets compound or dissipate under competing global scenarios—and why the positioning…
Jan 17
•
Lumi Mustapha
5
1
THE LIQUIDITY MIRAGE: WHY $500M AFRICAN FUNDS CAN’T DEPLOY LIKE $50M ONES
How deal scarcity, governance bandwidth, and exit liquidity create inverse scale economics in African VC—and why bigger isn’t better
Jan 10
•
Lumi Mustapha
4
2
FLUTTERWAVE’S MONO ACQUISITION: READING THE BALANCE SHEET
When Africa’s Most Valuable Fintech Pays in Stock, It’s Time to Read the Numbers
Jan 8
•
Lumi Mustapha
24
3
4
December 2025
New Infrastructure for Seeing Clearly
How Frontier Markets Actually Work—And Why Consensus Gets It Wrong
Dec 31, 2025
•
Lumi Mustapha
1
THE GOVERNANCE PARADOX: WHY AFRICAN FOUNDERS WHO WIN CONTROL STILL LOSE VALUE
Legal sophistication protects power. Market measurement determines whether that power is worth anything
Dec 27, 2025
•
Lumi Mustapha
1
Reading the Machine: Why Global Capital Dynamics Determine African Investment Outcomes
How eurodollar stress, commodity shocks, and risk appetite determine when African VC capital appears—and disappears
Dec 20, 2025
•
Lumi Mustapha
2
1
1
Front-Loading Development: Financial Architecture for Knowledge Economies
How royalty securitization, IP-backed lending, and catalogue funds can mobilize $650M in patient capital from African knowledge assets by 2030
Dec 17, 2025
•
Lumi Mustapha
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