Great capital calls for a clear structure.

The IFC is committing close to a billion dollars to Africa's creative industries. Ownership is the question worth following.

Research

Market reading

Evidence

Two external reports read against ownership and export structure.

Materials

Cotton · Textile · Intellectual property

Six threads carry the thinking.

What the house is looking at

A material

Leather, and the compliance paperwork that now decides where it can travel.

A place

Cotonou — institutions, heritage and a working retail floor within the same square mile.

A position

Development capital entering fashion at scale, and who is left holding the margin.

8 pieces held

How to use the Folio