Francophile

The "context" menu isn't labelled as such, it's simply the area above the drawing space. It shows different buttons depending on what is selected. When you have text selected, the button you want is near the top right of the screen. As noted by v_kyr, it's called 'convert to curves', I had it wrong before. If you cannot see the button then just use the 'layers' menu from the top of the screen as suggested above.

"Convert to curves", also avalable from the top layers menu.

When you select the text with the arrow tool, the context menu at the top of the application will show a button labelled 'create outlines'. That does exactly what you are after.