OVERINSURED
August 22, 2026
When the record deal costs more than the risk it protects
LumiBrief
Strategic intelligence for fund managers, founders, and operators in African and frontier markets — pulled directly fromThe L.U.M.I. Brief on Substack.
Own the Refinery
August 15, 2026
Africa’s AI Opportunity May Be in the Inputs
Buying the Machine, Not the Catalogue
August 8, 2026
Most African music catalogues already have a distributor or label-services firm sitting on the revenue
The Certainty Tax
August 1, 2026
PenCom loosened the mandate. N31 trillion in pension money still hasn’t moved
AI Can Win. Its Investors Can Still Lose
July 25, 2026
Kimi K3 is evidence the AI capex bet has a pricing problem, and the fallout reaches African fund closes before it reaches Wall Street headlines
Iya Bose Was Already The Underwriter
July 18, 2026
The real innovation wasn’t the app. It was the balance sheet
The Annuity and the Startup
July 11, 2026
Hipgnosis paid a $690 million tuition bill for confusing the two. African allocators are about to sit the same exam
The Partnership That Died Without a Funeral
July 4, 2026
Why the cheap deal and the expensive one failed for the same reason
The Flutterwave Round That Wasn’t Tested
June 20, 2026
What $3.2 billion doesn’t tell you
THE ARTIST HAS BECOME THE PLATFORM
June 13, 2026
What Drake’s triple-album moment reveals about music IP, capital, and ownership — and what African investors should be asking right now
The Private Credit Money Is Showing Up. But It’s Underwriting the Wrong Thing
May 16, 2026
Nigerian FMCG balance sheets are becoming distributor banks by accident. African private credit is queuing to underwrite the wrong asset class
When the Banks Stop Underwriting, Someone Else Has To
May 9, 2026
The Nestoil failure is not just a banking story. It’s about who underwrites the next decade of African corporate deals — and on what terms.